Top Stories Saudi official: Total Saudi oil grants to Yemen exceed $4 billion

Saudi official: Total Saudi oil grants to Yemen exceed $4 billion





The Deputy Director General of the Saudi Development and Reconstruction Program for Yemen in Aden, Muhammad Al-Yahya, said that the total value of oil derivatives grants provided by the Kingdom of Saudi Arabia to Yemen exceeds 4 billion dollars.

This came while receiving a new batch of oil derivatives grant provided by Saudi Arabia to the Yemeni government, which arrived on Sunday at the oil port in the southern governorate of Aden.

In a statement, the Saudi official considered the current Saudi oil grant to the electricity sector in Yemen a continuation of the previous grants provided by the Kingdom to Yemen throughout the past stages, with a total value of $4.2 billion, with the aim of contributing to supporting the Yemeni economy.

Al-Yahya said that the grant aims to operate more than 80 power stations and contribute to easing the burden on the Yemeni government’s budget, in addition to reducing the government’s total spending to purchase oil derivatives.

This is the third shipment to Aden, consisting of 75,000 metric tons of diesel intended to feed power plants in the coastal city, which the internationally recognized Yemeni government takes as an interim capital.

Aden is expected to arrive in the next few days, another ship carrying 40,000 tons of diesel fuel intended for electricity, to complete the third batch.

AndIn March, Saudi Arabia announced a grant of oil derivatives to Yemen, including 351,304 tons of diesel and 909,591 tons of diesel, at a value of $422 million, for a year to operate more than 80 power stations in the governorates under the control of the Yemeni government.

Over the past three months, several batches of the oil derivatives grant have arrived in the governorates of Aden, Hadramout and Al-Mahra.

AndThe arrival of a new batch of fuel derivatives from power stations to Aden comes at a time when there has been an increase in power outages since the beginning of this month in the city as a result of the decrease in generation at power stations.

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