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First batches of new Saudi oil derivatives arrive in Aden

by Ayaz Ahmet
July 3, 2023
in World
2 min read
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Yesterday, the Arab coalition announced the arrival of the first batch of Saudi oil derivatives at an oil port in the Yemeni province of Aden worth $200 million and in the amount of 45,000 metric tons of diesel fuel and 30,000 metric tons of diesel fuel. diesel.

This is a continuation of Saudi Arabia’s continued support for the Yemeni people, in accordance with the directives of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz and his Crown Prince Mohammed bin Salman, and in response to a request from the Yemeni government to help them supply oil. derivatives to operate more than 70 power plants throughout the country.

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The Minister of Electricity and Energy of Yemen, Engineer Mana Yaslam bin Yamin, expressed gratitude and appreciation to the Kingdom, led by the Custodian of the Two Holy Mosques and its Crown Prince, for what it offers the Yemeni people in various fields. , stressing that the Saudi Arabian oil derivatives grant comes under difficult circumstances as it has contributed to the operation of power plants and finding solutions to problems in the electricity sector.

For his part, the Yemeni Minister of Planning and International Cooperation, Dr. Waed Ba Dheeb, explained that the Saudi Arabian oil derivatives grant is one of the direct aspects of supporting the Yemeni people, as well as direct support for the overall budget, and is a direct provision of the needs of society and the needs of the people, which contributes to mitigating the consequences of the complications of a power outage, which burdens the citizen, in addition, burdens the budget and state revenues of the state.

The new oil derivatives grant is a confirmation of the Kingdom of Saudi Arabia’s commitment to the security, stability and development of the brotherly Yemeni people, and an extension of previous grants totaling $4.2 billion, the latest of which was a grant of $422 million. procurement procedures were completed throughout the year, which contributed to economic stability, strengthened the budget of the Yemeni government, increased the purchasing power of the Yemeni citizen, improved the security situation, and also contributed to the improvement of the service sector, improved the lives of citizens, increased the average daily hours of operation of power plants and ensured the activation of self-sustaining operation of power plants in Yemen.

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