RIYADH — The Saudi Development and Reconstruction Program for Yemen (SDRPY) has begun supplying oil derivatives to more than 70 stations across the country, with shipments departing from the headquarters of the Yemeni petroleum company PetroMasila for delivery to power plants in various governorates. This is in line with the Saudi leadership’s directives on January 14 to provide a grant of oil derivatives for operating all power stations in Yemen. This grant aims to support the electricity sector, improve living standards, promote social stability, and strengthen the capacity and efficiency of Yemeni institutions. This will enable them to continue providing essential services and operating production and service facilities, thereby fostering development and economic recovery in Yemen. The oil derivatives grant totals 339 million liters of diesel and mazut, valued at $81.2 million. The initiative is implemented under a comprehensive governance framework to ensure the resources reach the intended beneficiaries. A committee comprising several Yemeni entities has been established to oversee and monitor the distribution of the oil derivatives to power stations, based on the needs reported by stations across Yemen. This grant plays a key developmental role by enhancing the efficiency of government institutions, stimulating the Yemeni economy, and improving the quality of services provided to the Yemeni people through the increased reliability of electricity supply to hospitals, medical centers, roads, schools, airports, and seaports. This, in turn, boosts economic and commercial activity across the country. The effects of this grant span comprehensive financial, economic, and service dimensions. It supports Yemeni institutions such as the Central Bank of Yemen by easing pressure on foreign exchange reserves and helps the Ministry of Finance reduce the financial burden on the state’s general budget for fuel costs and electricity sector operations. It is also crucial for the Ministry of Electricity and Energy to ensure stable fuel supplies to power plants, maintain their continuous operation, and enhance their operational and productive capacity.
Hence then, the article about sdrpy begins delivering oil derivatives to power plants across yemen was published today ( ) and is available onٍٍٍSaudi Gazette ( Saudi Arabia ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( SDRPY begins delivering oil derivatives to power plants across Yemen )