SPDRY, Ministry of Electricity sign new oil derivatives grant agreement worth $200 million

Press release of the International Security Council

The Members of the UN Security Council reaffirmed their support for the efforts of the Special Envoy of the UN for Yemen and their commitment to working toward lasting peace and prosperity for the Yemeni people.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

Korean autos exports rise 13.7 percent in November

South Korea's autos exports rose by 13.7 percent year-on-year in November, thanks to a notable increase in shipments of eco-friendly and hybrid models.

Barcelona Consolidates Lead in Spanish La Liga with Win Over Villarreal

Barcelona strengthened its position at the top of the Spanish La Liga table after defeating host Villarreal 2-0 in the 17th round of the competition.

Last Update: ، 2025/12/23 Time 10:17:48
Latest News:

President al-Alimi meets with Consultations and Reconciliation Commission headship

President al-Alimi sets out guidelines for Yemeni diplomatic missions discourse

Yemeni Ministries Reaffirm Constitutional Loyalty Amid STC Secessionist Declarations

Ministry of Youth and Sports Condemns Misrepresentation of Ministry and Reaffirms Commitment to Constitution

Government Delegation Says Agreement Reached to Release Thousands of Detainees

SPDRY, Ministry of Electricity sign new oil derivatives grant agreement worth $200 million

[29/09/2022 03:26]

RIYADH-SABA
A new oil derivatives grant agreement worth $200 million by Kingdom of Saudi Arabia (KSA) to the Republic of Yemen inked here today, Thursday.

The fuels grant agreement aimed to provide 250 thousand metric tons of oil derivatives in order to operate electricity- generate-stations in Yemen.

The agreement signed by Minister of Electricity and Energy Eng. Mane'a Yaslam bin Yomain and General Supervisor of the Saudi Program for Development and Reconstruction Yemen (SPDRY) Ambassador Mohamed al-Jaber.

The SPDRY has carried out the procedures to supply the first shipment of the oil derivatives with total amount of $30 million out of the total cost of the grant $200 million intnded to operate more than 70 electricity-generate stations in the republic of Yemen.

The Minister of Electricity and Energy highly appreciated the KSA's efforts through the SPDRY to secure necessary fuels to operate electricity stations that have proved very useful, helpful, remarkably improved electricity services.