Yemeni PM Wants to Maximize Oil Derivatives Grant from KSA

Yemeni Prime Minister Maeen Abdulmalik Saeed has called on governorates to submit monthly reports and maximize an oil derivative grant provided by Saudi Arabia. The Kingdom of Saudi Arabia (KSA) announced on Wednesday that the second batch of oil derivatives had arrived at the port of Mukalla in Hadramout. The 23,000 metric tons of oil derivatives will meet the demands of power plants in the southeastern province.

In order to receive the third batch, Saeed wants governorates to honor the commitments agreed upon with the Saudi Development and Reconstruction Program for Yemen (SDRPY). The prime minister’s comments came during a meeting of the Supreme Energy Council in Yemen headed by Abdulmalik Saeed, in which he conducted a comprehensive assessment of the governorates benefiting from the grant.

During the meeting, Minister of Electricity and Energy Anwar Kalashat presented a report on the distribution of the first two batches of the oil derivatives grant provided by the Kingdom. The report also included the commitment of the beneficiary governorates to submit monthly reports detailing the reforms that have been carried out. The first batch of the oil derivatives arrived at the Yemeni port city of Aden on May 8. The shipments are being carried out in cooperation with the Yemeni government and local authorities to operate more than 80 Yemeni power plants at a total cost of US$442 million.