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

Yemeni Ambassador Holds Talks with EU Officials on Strengthening Ties

Yemen’s Ambassador to the European Union, Mohammed Taha Mustafa, held talks in Brussels with Head of the Gulf Division at the European Commission’s Directorate-General for the Middle East, North Africa and the Gulf, Matthew Binns, and Chair of the Yemen and Red Sea Working Group Daniela Kolen.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Oil rises as markets assess supply risks

Oil prices rose today, Tuesday, due to supply concerns, with Brent crude futures climbing $2.89, or 2.9 percent, to $102.83 per barrel.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/03/26 Time 11:48:34
Latest News:

Aden Governor, Japanese Ambassador Discuss Expanding Development Interventions

Al-Eryani: Seizure of Iranian Smuggling Vessel off Bab al-Mandab Highlights Ongoing Houthi Supply Lines

Al-Muharrami Meets Prime Minister to Discuss Developments and Support Government Reforms

Al-Subaihi Urges Removal of Obstacles Facing Humanitarian Work

Health Minister Discusses Academic and Medical Cooperation with German University of Rostock Delegation

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.