Saudi Press

Saudi Arabia and the world
Monday, Jun 02, 2025

70,000 Metric Tons of Saudi Oil Derivatives Grant Arrive in Aden

70,000 Metric Tons of Saudi Oil Derivatives Grant Arrive in Aden

The second batch of the oil derivatives grant provided by Saudi Arabia through the Saudi Program for the Development and Reconstruction of Yemen (SDRPY) arrived on Saturday at the oil port in Aden.
This comes in line with the Kingdom's efforts to support the electricity sector, improve livelihood opportunities and back the legitimate government.

The shipment was carrying 40,000 tons of diesel and 30,000 tons of mazut. It is part of the grant agreement signed by the SDRPY in September with an estimated total value of $200 million to provide 250,000 metric tons of oil derivatives to Yemen to operate more than 70 power generation plants in the country.

The new oil derivatives are an extension of previous grants totaling $4.2 billion, the latest of which was a grant of $422 million that was completed over a year.

Director of SDRPY office in Aden Ahmed Madkhali reviewed the contributions of oil grants to the country’s economic stability, annual budget and improved general conditions and services.

He said they helped the Electricity Corporation provide the service to 760,000 subscribers and about 9.8 million beneficiaries.

In this context, Deputy Minister of Electricity and Energy Eng. Abdullah Hajar hailed the Kingdom’s support for Yemen in various stages and fields.

He underscored the importance of the Saudi grant and its direct contribution to stabilizing the electric power system and allowing large number of citizens to enjoy this service.

He pointed to the damage caused by the Iranian-backed Houthi militias’ targeting of the vital oil facilities and ports in Hadramout and Shabwa governorates.

Undersecretary of the Ministry of Electricity Abdul Hakim Fadel, for his part, praised the Kingdom’s continued generous support to Yemen in various fields, including electricity.

He affirmed that the Saudi oil grants helped the Ministry and its institutions provide the service and saved the government large sums that were allocated to buy oil derivatives.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
×