Second batch of new Saudi oil derivatives grant arrives in Aden – Saudi Gazette

Second batch of new Saudi oil derivatives grant arrives in Aden – Saudi Gazette

ADEN — The second batch of the new Saudi oil derivatives of 40,000 metric tons of diesel and 30,000 metric tons of diesel arrived at the oil port in Aden Saturday.

This new batch is part of the Kingdom's support to the Yemeni people under the directives of Custodian of the Two Holy Mosques King Salman and the Crown Prince to help Yemen provide oil derivatives to operate more than 70 power plants.

The new oil derivatives grant comes as an affirmation of the Kingdom's keenness to achieve security, stability, and development for the Yemeni people, the latest of which was a grant of $422 million, and was completed over a full year.

This grant contributed to economic stability, strengthening the Yemeni government's budget, and raising the purchasing power of the Yemeni citizen, and improved security conditions.

The previous oil derivatives grant provided by the Saudi Program for the Saudi Development and Reconstruction Program for Yemen (SDRPY) contributed to doubling the production capacity and reaching the target of 3119 gigawatt-hours during the operating period of the stations.

This is in addition to covering the needs of power stations in Yemen, and an increase in the percentage of electric power sales by 20% compared to previous