Saudi Press

Saudi Arabia and the world
Wednesday, May 14, 2025

Third batch of Saudi oil derivatives grant arrives in Aden

The 3rd batch of the Saudi oil derivatives of 45,000 metric tons of diesel and 30,000 metric tons of diesel arrived today at the oil port in Aden, as part of Saudi Arabia’s continuous support to the Yemeni people.
The support came following directives by Custodian of the Two Holy Mosques King Salman and Crown Prince and Prime Minister Mohammed Bin Salman. It also came in response to a request by the Yemeni government to help provide oil derivatives to operate more than 70 power generation plants across Yemen.

The new oil derivatives grant is an affirmation of Saudi Arabia’s keenness to achieve security, stability, and development for the Yemeni people, and an extension of previous grants totaling $4.2 billion, the latest of which was a grant of $422 million.

The grant was completed over a year and contributed to economic stability, enhancing the budget of the Yemeni government, raising the purchasing power of Yemeni citizens and improving security conditions.

It also contributed to improving the service sector, developing citizens' lives, increasing the rate of daily service hours for the operation of power plants, and ensuring the self-operation of power plants in Yemen.

The previous oil derivatives grant provided by the Saudi Development and Reconstruction Program for Yemen (SDRPY) contributed to partially reducing government spending in a way that feeds the Yemeni economy by reducing the burden of spending on the government.

It also doubled the production capacity, and reaching the target of 3119 GW/h during the operating period of the stations, in addition to covering the needs of power generating stations in Yemen.

It also contributed to limiting the depletion of the Central Bank of Yemen in foreign currency reserves to purchase oil derivatives to generate electricity from global markets, by reducing fuel selling prices from international prices for electricity generation by 79% for diesel fuel, and 94% for kerosene from May 2021 to April 2022.

Moreover, the previous oil derivatives grant provided electric power to the 760,000 subscribers of the General Electricity Corp., with an average consumption of 37 kilowatt-hours per subscriber, benefiting 9,800,000 people, thus contributing to raising the Public Electricity Company’s revenues and saving around 20% of the Yemeni government’s budget.

The new Saudi oil derivatives grant contributes to operating 70 power plants, that directly operate hospitals, medical centers, roads, schools, government facilities, airports, and ports. It will also enhance commercial and economic movement, which contributes to improving all aspects of life throughout Yemen.

SDRPY seeks, through the oil derivatives grant, to contribute to achieving the stability of the Yemeni economy, as well as to contribute to the rehabilitation of the infrastructure in the electricity sector in Yemen, and the restoration of basic services that have a direct impact on the Yemeni people.

The previous oil derivatives grant had a direct impact through an increase in the rate of operating average hours of electricity supply in several regions, as it increased in Aden by 20% from May 2021 to April 2022.

This boosted trade movement by increasing working hours in shops and markets and contributed to enhancing the reliability in the production of power and the stability of the electrical system.

The grant also contributed to reducing the difference between produced energy and sold energy by 21% during the supply duration of oil derivatives to power plants, especially in Aden.

The Saudi oil derivatives grant is part of the support of the SDRPY, which has offered 224 development projects and initiatives across Yemeni governorates to serve Yemenis in seven main sectors: education, health, water, energy, transport, agriculture and fishery, and building the capacity of government institutions, in addition to other development programs.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
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
Michael Jordan to Serve as Analyst for NBA Games
Senate Democrats Move to Censure Trump Over Qatar Jet Gift
Hamas Releases Last Living US Hostage from Gaza Amid Ongoing Conflict
India and Pakistan Agreement on Ceasefire Amid Ongoing Tensions
Trump's Upcoming Middle East Trip Excludes Israel, Raising Concerns Among Israeli Officials
Kurdistan Workers Party Announces Dissolution Amid Ongoing Conflict Resolution Efforts
Trump's Upcoming Visit to Gulf Nations: Investment and Security at the Forefront
Cardinal Robert Prevost Elected as Pope Leo XIV, Marking a Historic Papacy
India-Pakistan conflict may be first test for Chinese military tech
Bill Gates Announces Plan to Wind Down Philanthropic Foundation and Disperse Wealth
Common Sense Returns to Britain's Legal System: UK Supreme Court Declares a Woman Is… a Woman
Warren Buffett to Step Down as Berkshire CEO After Nearly 60 Years
Trump Shares AI-Generated Image of Himself as… Pope, Prompting Outrage Reaction
Amazon Launches Satellite Internet Service Amidst Competition with SpaceX
The Rush to the White Gold: Global Investment Surge in Natural Hydrogen Exploration
Trump Administration Removes National Security Adviser Mike Waltz Amid Signal Chat Controversy
Liverpool Clinches Record-Equalling 20th English League Title Under Arne Slot
Massive Explosion at Iran's Bandar Abbas Port Linked to Suspicious Chemical Shipments
Pope Francis Laid to Rest in Rome as World Leaders Attend Funeral
Not Child’s Play: How Competitive Gaming Became a Global Economic Empire
California Surpasses Japan to Become the World’s Fourth-Largest Economy
Former U.S. Congressman George Santos sentenced to eighty-seven months for wide-ranging fraud
Israel Considers Limited Strikes on Iran's Nuclear Facilities Amid Diplomatic Efforts
Saudi Arabia Offers Max Verstappen Unprecedented Deal to Join Aston Martin
Global Pistachio Shortage Amid Rising Demand for 'Dubai Chocolate'
IMF Predicts No Global Recession Amid Trade Tensions
Worldwide Markets Decline as U.S.-China Trade Frictions Intensify
OpenAI Lands Unprecedented $40 Billion Investment
Removing the Political Adversary is Dismantling What's Remaining of Turkey's Economy.
Ex-FIFA President and French Football Icon Acquitted of Corruption Allegations
White House Investigates Security Breach After Journalist Accidentally Added to Secret Yemen Strike Chat
Volunteers in Jeddah Ensure No One Goes Hungry During Ramadan Iftar
New Restaurant Opens in Makkah's Iconic Clock Tower for Ramadan Iftar
Saudi Arabia's Project Masam Removes 552 Houthi Mines in Yemen
Saudi Arabia Fines Over 400 Foreign Trucks for Regulatory Violations
Saudi National Campaign for Charitable Work Reports Significant Donations in Ramadan
Historic Al-Hosn Al-Asfal Mosque Restored in Asir as Part of National Heritage Initiative
KSrelief Expands Humanitarian Efforts in Syria, Sudan, and Lebanon
Saudi Arabia Advocates for Global Water Cooperation at Forum
Madinah Governor Tours Islamic Arts Biennale in Jeddah
Saudi Foreign Minister in Cairo to Lead Meeting on Gaza Developments
Recognition of Saudi and Pakistani Entrepreneurs at Riyadh Ceremony
UAE Announces $1.4 Trillion Investment Plan in the United States
Saudi Arabia Innovates in Soil Quality and Water Conservation
×