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Yemen’s Hadramout Receives 3rd Batch of Saudi Oil Derivatives Grant

Yemen’s Hadramout Receives 3rd Batch of Saudi Oil Derivatives Grant

Friday, 17 March, 2023 - 06:15
The batch is part of a grant provided by Saudi Arabia through the Saudi Development and Reconstruction Program for Yemen. (SPA)

A new batch of Saudi fuel derivatives arrived Thursday to the Yemeni province of Hadramout, coming from Aden and offered under the Saudi Development and Reconstruction Program for Yemen (SDRPY).

The grant includes 5,500 tons of diesel and 13,000 tons of mazut and is an affirmation of the Kingdom's keenness to achieve security, stability, and development for the Yemeni people. It is also 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.

A SDRPY statement said the latest batch will contribute to economic stability, enhancing the budget of the Yemeni government, raising the purchasing power of Yemeni citizens and improving security conditions.

It will also help to improve the utility 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 Saudi grants in Yemen reportedly contributed to reducing the difference of produced energy and sold energy by 21 percent during the supply duration of oil derivatives to power plants, especially in the governorate of Aden.

The Saudi Oil Derivatives Grant is part of the support from the SDRPY, which has offered 224 development projects and initiatives across Yemeni governorates to serve the Yemeni people 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.

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