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

Presidential Leadership Council Member Dr. Abdullah al-Alimi Receives Chargé d’Affaires of Chinese Embassy

Member of the Presidential Leadership Council, Dr. Abdullah al-Alimi received Wednesday Chargé d’Affaires of the Embassy of the People’s Republic of China to Yemen Zhao Zheng.

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).

Japan's LNG imports down 1.4 percent

Japan's liquefied natural gas (LNG) imports fell 1.4 percent to 64.98 million tons last year 2025, compared to 2024. according to provisional data released by the Japanese Ministry of Finance today, Thursday.

Paris Saint-Germain temporarily tops the French league after their win against Auxerre

Paris Saint-Germain defeated Auxerre 1-0 in their Ligue 1 match on Matchday 19.

Last Update: ، 2026/01/29 Time 02:41:01
Latest News:

Deputy Minister of Education: Yemen Faces Dangerous Learning Loss Crises

Leadership Council Member Abdullah Al-Alimi Discusses Yemen Developments with French Ambassador

Minister Buhaybeh Discusses Strengthening Support for Health Sector with Dutch Ambassador

UNSC to End Mandate of UN Mission Supporting Hodeidah Agreement by End of March

Presidential Leadership Council Member al-Subaihi praises Germany's support for Yemen

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.