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

Dr. Abdullah al-Alim Briefs Arab Ambassadors to UK on Developments in Yemen

The Member of the Presidential Leadership Council (PLC) Dr. Abdullah al-Alimi detailed Arab Ambassadors to the United Kingdom (UK) on the political and security situations in Yemen as well as the economic and humanitarian challenges in Yemen.

U.S. Extends Work Permits for Temporary Protected Status Holders

The U.S. administration has extended work permits for hundreds of thousands of migrants from Haiti and six other countries who are protected under the Temporary Protected Status (TPS) program, just hours before the permits were due to expire.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

France Advance to World Cup Quarterfinals, Set Up Morocco Clash

France secured a place in the quarterfinals of the 2026 FIFA World Cup after edging Paraguay 1-0 in their Round of 16 encounter.

Last Update: ، 2026/07/11 Time 09:45:35
Latest News:

Presidential Leadership Council Member Highlights Parliament's Key Role in Advancing State-Building Efforts

Transport Ministry Rejects Unauthorized Iranian Flights to Sana'a Airport

Houthi Terrorist Militias Thwart UN-Led Detainees, Abductees Exchange Process

Al-Alimi Discusses With Senior British Official Bilateral Cooperation

Leadership Council Avows To Take All Measures To Prevent Violations of Yemeni sovereignty

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.