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

Yemen's Ambassador Discusses with Indonesian Official Consular Cooperation

The Ambassador of Yemen to Indonesia Salem Balfagih discussed Wednesday with the Director of the Consular Affairs Department at the Indonesian Ministry of Foreign Affairs Akio Alfiano Tamala ways to enhance cooperation in consular work between the two countries.

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).

Turkey's exports to neighboring countries exceed $28 billion in 2025

Turkey's revenues from exports to neighboring countries made $28.352 billion in 2025, marking an increase of 4.6% compared to 2024, when they amounted to $27.092 billion.

Arsenal defeats Brighton and strengthens its lead in the English Premier League

Arsenal defeated Brighton 2-1 in their match at the Emirates Stadium as part of the 18th round of the English Premier League.

Last Update: ، 2026/01/07 Time 05:05:55
Latest News:

Yemenia Airways operates first flight to transport stranded tourists from Socotra to Jeddah

Presidential Leadership Council's decree to revoke al-Zubaidi's membership from the Council for committing ..

Presidential Leadership Council holds an emergency meeting to discuss security developments, approves ..

Britain Welcomes President’s Call to Hold Conference for Southern Components, Renews Support for ..

United Nations Welcomes Call by President al-Alimi to Hold Conference for Southern Components in Riyadh

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.