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Fourth batch of Saudi oil derivatives grant arrives in Aden, Yemen

10 Apr

The fourth batch of the Saudi oil derivatives grant, consisting of 150,000 metric tons of diesel and 100,000 metric tons of mazut, has arrived in Aden, Saudi Press Agency reported on Sunday.

The initiative is part of the Kingdom’s ongoing efforts to support the Yemeni people, in response to a request by the Yemeni government to help provide oil derivatives to operate over 70 power generation plants across the country.

The directive to provide this grant was issued by King Salman and Crown Prince Mohammed bin Salman.

This grant is part of the Kingdom’s commitment to achieving security, stability, and development for the Yemeni people and is an extension of previous grants amounting to $4.2 billion.

The Saudi oil derivatives grant is part of the Saudi Program for the Development and Reconstruction of Yemen (SDRPY), which has implemented 229 development projects and initiatives across Yemeni governorates to serve Yemenis in seven main sectors, including education, health, water, energy, transport, agriculture, and fishery, as well as building the capacity of government institutions, in addition to other development programs.