First Saudi oil derivatives worth $60 mln arrive at Port of Aden in Yemen

A Saudi tanker carrying the first installment of oil derivatives such as diesel and mazut, worth $60 million, reached Port of Aden in Yemen.

The derivatives are meant to be supplied to power stations in provinces liberated by the Yemeni government as part of the Saudi Development and Reconstruction Program for Yemen (SDRPY), said a statement from The Center for International Communication (CIC). 

The 87,000-tonne supply has been distributed by Aden Refinery Company to different directorates for them to be able to keep their power plants up and running 24 hours a day, the statement noted.

The initiative that will be supervised by Yemen’s legitimate government is likely to benefit about 8.5 million Yemenis.

“The move comes after a Royal Decree was issued by the Custodian of the Two Holy Mosques [King Abdullah bin Abdulaziz],” said Mohammed bin Saeed Al Jaber, Ambassador of Saudi Arabia to Yemen, who is also supervisor of SDRPY.

“Development of Yemen can’t wait for the Houthi militias to accept political solutions. Moreover, they are stealing from the Yemeni Central Bank and trying to starve the Yemeni population. Development of Yemen is a priority for us,” he further said.

“Today, we celebrated receiving the first shipment of the Saudi fuel grant worth $60 million per month, for our power plants in the temporary capital Aden. This sets a milestone in the process of continued Saudi support for our economy, development and reconstruction,” Dr. Maeen Abdelmalak, Prime Minister of Yemen, said. 

Yemen’s legitimate government and SDRPY have agreed that the distribution will be carried out in coordination with a local committee comprising a representative from the oil company, SDRPY, the National Electricity Company, the Central System of Auditing and Accountability, and the Chamber of Commerce and Civic Entities.

The committee’s work will involve visiting the -power stations that have been designated to receive oil derivatives, checking on the equipment and monitoring the amount of oil derivatives supplied by SDRPY.