SDRPY Signs Oil Derivatives Agreement with Yemeni Government

Riyadh, Saudi Program for the Development and Reconstruction of Yemen (SDRPY), represented by SDRPY Supervisor General Ambassador Mohammed bin Saeed Al Jaber, signed today an agreement with the Yemeni government, represented by Minister of Electricity and Energy Dr. Anwar Kalashat, to supply oil derivatives to operate more than 80 power stations.
The signing of the agreement comes in response to the Yemeni government’s request and in implementation of the directives of the Saudi leadership. The agreement includes a grant of oil derivatives at a total of 1,260,850 metric tons, valued at USD 422 million, as a service to the Yemeni people to alleviate their suffering, support the economy in Yemen, and develop its infrastructure. This is an extension of the generous support being provided by the Kingdom of Saudi Arabia for Yemen in all fields.
The Minister of Electricity and Energy, Anwar Kalashat, thanked the Kingdom of Saudi Arabia for the continuous support for Yemen, describing the support for the energy sector as important and vital.
For his part, Ambassador Mohammed bin Saeed Al Jaber, affirmed that the Saudi grant for Yemen aims to operate electrical stations to serve the Yemeni people, develop infrastructure, create job opportunities, contribute to improving services, support peace and promote hope, stressing the grant will actively contribute to the recovery of economic and social life, especially as this will strengthen the financial position of the Yemeni government and help it fulfill its other obligations, which include paying salaries and wages to employees, and improving basic sectors’ services.

 

Source: Saudi Press Agency

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