Yemen’s Al Mahra governorate has received a new batch of Saudi oil derivatives, delivered as part of a grant initiative by the neighboring Kingdom. This time, the fuel delivery amounted to 5,500 metric tons of diesel that are meant to feed power plants across Al Mahra.
Made through the Saudi Development and Reconstruction Program for Yemen (SDRPY), the transfer involved transporting 4,000 metric tons by the sea and 1,500 tons by land.
The shipment will help reduce budget burdens suffered by the Yemeni government, limit the Yemen Central Bank’s spending of hard currency on fuel supplies from global markets, and stabilize the Yemeni rial’s exchange rate.
Moreover, the donation will aid in soothing soaring oil rates, creating jobs, and raising local productivity. Vital sectors will also benefit from the shipment as well as overall living conditions in Al Mahra.
The donation was received by Al Mahra Governor Muhammad Ali Yasser and SDRPY Director of Operations in Al Mahra Eng. Abdullah Basliman.
Representatives from the Yemeni Oil Company and the Electricity and Energy Company in Yemen were also present.
The shipment will reduce daily blackouts, help the government save funds for development projects, and meet the monthly fuel needs of Al Mahra.
Both the SDRPY and the Yemeni government have worked together to develop integrated governance mechanisms for oil derivatives.
The Yemeni government has formed a supervision, oversight, and follow-up committee from all relevant Yemeni ministries and authorities and linked it to an executive program and a control mechanism that ensures that grants reach beneficiary stations with high reliability to ensure actual access to beneficiaries and to ensure the use of oil derivatives for what they are allotted.
The joint committee has scheduled the Saudi oil derivatives grant shipments in a way that contributes to helping the Yemeni government redirect expenses. It will be able to use the money previously allocated for the purchase of oil derivatives to support paying the salaries of civil servants.
