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Aden port receives third batch of Saudi oil derivatives grant
Published in The Saudi Gazette on 26 - 07 - 2021

ADEN — The third batch of Saudi oil derivatives weighing 75,000 metric tons arrived on Sunday at the Port of Aden to help power plants in Yemeni governorates produce more electricity, the Saudi Press Agency reported.
The shipment at the port was received by the Deputy Gov. of Aden Badr Mu'awen, the first undersecretary of Aden Mohammed Nasr Al-Shathily, representative of the Saudi Development and Reconstruction Program for Yemen (SDPRY) Mohammed Al-Yehya, undersecretaries of the Yemeni electricity and oil ministries and other officials.
Speaking on the occasion, the SDPRY representative said that the shipment is an extension of the previous oil derivative grants provided by Saudi Arabia with a total worth $4.2 billion, hoping that authorities will make the most of the third batch in serving the Yemeni citizen first and improving their living standards.
The Saudi oil derivatives grant contributed to raising the percentage of energy produced in the power system by more than 25 percent in all governorates during the month of May and June and by more than 40 percent in the Aden governorate, providing stability in the fuel supply.
The Saudi derivative grants have reduced the burdens on the Yemeni government's budget, reduced the depletion of hard currency to buy oil derivatives from global markets, stabilized Yemen's riyal exchange rate and fuel prices against the US dollar, provided job opportunities, raised the productive power of Yemeni citizens, enhanced the services of vital sectors and improved the livelihoods of Yemenis.
It also contributed to reducing the frequent power cuts, raising the hours of electricity availability in some governorates by 30 percent compared to March of this year as well as to the quality and performance of services in vital sectors in Yemen.

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