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

The United States Affirms Yemeni Government’s Right to Defend Its People, End Houthi Terrorism

The United States' Embassy in Yemen said that the Internationally-recognized government of Yemen has the full right to defend its people and to end the ability of the Iran-backed Houthi terrorist militias to carry out acts of terrorism.

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

German Exports Rise 3.9 Percent

The total of German exports increased by 3.9 percent during the first half of 2026 compared to the same period last year, reaching 817.8 billion euros.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/09/09 Time 01:18:32
Latest News:

Yemen: Security of Red Sea, Bab al-Mandab, Gulf of Aden, Pillar of Arab National Security

Yemen Participates in First Forum of OIC Member States on Diaspora Muslims

Minister of Planning, UNDP Discuss Joint Cooperation

Yemeni Ambassador Briefs Spanish Official on Escalating Houthi Attacks

Ministry of Human Rights Strongly Condemns Houthi Terrorist Attack on IDPs in Marib

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.