Saudi Arabia, Yemen sign $150m petroleum supply deal to support energy sector, power plants
RIYADH: A Saudi-Yemeni agreement, valued at $150 million, was signed today under the patronage of Yemeni Prime Minister Shaya Mohsin Zindani to supply petroleum derivatives for power plants across various Yemeni governorates, as part of Saudi Arabia’s support through the Saudi Development and Reconstruction Program for Yemen to the Yemeni Ministry of Electricity and Energy.
The agreement was signed by Minister of Electricity and Energy Adnan Al-Kaf and Saudi Ambassador to Yemen and SDRPY General Supervisor Mohammed bin Saeed Al-Jaber, according to the Saudi Press Agency.
The petroleum derivatives support, consisting of diesel and mazut, will fuel more than 70 electricity generation plants across various Yemeni governorates, helping enhance the stability and continuity of electricity services and support vital sectors linked to electrical energy.
The support reflects Saudi Arabia’s longstanding commitment to supporting the Yemeni people and alleviating their humanitarian suffering, particularly amid rising temperatures. It is also expected to contribute to stimulating commercial activity, creating job opportunities, and promoting economic growth in Yemen.
