Saudi Arabia and Yemen sign an oil derivative agreement to operate more than 80 electrical stations

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Posted in: Tuesday 13 April 2021 – 5:49 PM | Last update: Tuesday, April 13, 2021 – 5:49 PM

The Saudi Program for the Development and Reconstruction of Yemen, represented by the program’s general supervisor, Ambassador Muhammad bin Saeed Al Jaber, signed today, Tuesday, an agreement to supply oil derivatives to operate more than 80 electrical stations, with the Yemeni government represented by the Minister of Electricity and Energy in Yemen, Dr. Anwar Kalashat.

The Saudi Press Agency “SPA” stated that the signing of the agreement comes in response to the Yemeni government’s request, through a grant of oil derivatives, with a total amount of one million 260 thousand and 850 metric tons, and the amount of 422 million US dollars; In the service of the Yemeni people and alleviating their suffering, and in support of the economy in Yemen and the development of its infrastructure.

The agency added that this grant comes as an extension of the previous grants provided by the Kingdom of Saudi Arabia to Yemen, with an estimated total of 4.2 billion US dollars. In improving the services of vital sectors and improving the lives of citizens, for whom the grant will provide electricity throughout the year, and will raise the Yemeni per capita electricity consumption, especially in the summer months, which represent the peak of electricity consumption.







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