Khabar Khair (Only Good News)

The sixth batch of oil derivatives grant being provided by the Kingdom of Saudi Arabia via Saudi Development and Reconstruction Program for Yemen (SDRPY) to the Republic of Yemen has arrived at the port of Aden with quantities of 60,000 metric tons of diesel and 30,000 metric tons of fuel oil.

the Director of the SDRPY office in Aden, Ahmed Madkhali, confirmed that the oil derivatives grant provided through the SDRPY comes as an extension of the support provided to Yemen, and an affirmation of the brotherly and strong ties between the two brotherly countries.

Ahmed Madkhali said, “The grant contributed significantly to solving the problem of frequent power cuts. Which contributed to stabilizing social life and providing health, education, and other services, as well as raising the performance of vital sectors services in Yemen, and had a positive impact in providing health, educational and service services and achieving living stability”.

Madkhali added that the grant contributed to stabilizing fuel prices, improving services for all vital sectors, and in Infrastructure development and improvement of basic services, develop infrastructure and improve basic services inside Yemen, reduce frequent power cuts and improve the daily living of Yemeni citizens.

total amount of oil derivatives that have been supplied since the beginning of the grant to 506,000 metric tons to meet the monthly needs of the Yemeni power stations.

The oil derivatives grant comes as an extension of the support provided by the Kingdom of Saudi Arabia to the Republic of Yemen in all fields, the former Saudi oil derivatives amounting to more than 4.2 billion US dollars, while the total quantities of oil derivatives amount to 1,260,850 metric tons, with an amount of 422 million US dollars.

 The Saudi oil derivatives grant has a very significant impact on the economic level and on the level of providing electrical services in various Yemeni regions, and the stability of electricity generation in the governorates for about 7 months since the grant began.

A committee committee consisting of several Yemeni parties, with the participation of the SDRPY, is supervising the distribution of oil products to the governorates based on the previously submitted need from power plants in Yemeni governorates and implementing procedures and agreed precise governance to ensure that they reach the last beneficiary.

 The quantities supplied have contributed 333,000 tons of diesel and 173 thousand tons of mazut in the operation of more than 65 electric stations, based on the previously provided need from power plants in the governorates. Yemen, where more than 1,533 gigawatts of electrical energy has been produced. It enabled an increase in the energy produced by 17% for the year 2021 compared to the same period last year, and the increase in transmitted energy by 12% and in electricity sales by 13%, and in the grant of oil derivatives, by increasing the average operating hours to more than 20 hours in some governorates.

The oil derivatives grant is part of the support of the Saudi Development and Reconstruction Program for Yemen, has provided more than 204 development projects and initiatives implemented in various Yemeni governorates to serve the Yemeni citizens in seven key sectors including education, health, water, transportation, agriculture and fisheries, and capacity-building of government institutions, in addition to other development programs.

Source- Saudi Press Agency