AL-MAHRA, YEMEN – The second batch of the new Saudi oil derivatives grant of 4,491,000 metric tons of diesel was delivered in Al Mahrah.
The grant comes as part of the Kingdom’s support for the Yemeni people under the directives of King Salman and the Crown Prince to help Yemen provide oil derivatives to operate more than 70 power plants.
It also comes as an affirmation of the Kingdom’s keenness to achieve security, stability and development for the Yemeni people, the latest of which was a grant of US$422 million.
This contributed to economic stability, strengthening the Yemeni government’s budget, and raising the purchasing power of the citizens. It also helped in improving the security situation, service sector, lives of citizens, and increasing the average daily operation hours of the power stations.
The previous oil derivatives grant provided by the Saudi Program for the Saudi Development and Reconstruction Program for Yemen (SDRPY) contributed to doubling the production capacity and reaching the target of 3119 gigawatt-hours during the operating period of the stations.
This is in addition to covering the needs of power stations in Yemen, and an increase in electric power sales by 20 percent compared to previous years, while the total increase in collection amounted to 41 percent compared to previous years.
It also contributed to purchase oil derivatives to generate electricity from global markets, by reducing selling prices for electricity generation by 79 percent for diesel and 94 percent for kerosene.
Moreover, the previous oil derivatives grant provided electric power to the 760,000 subscribers of the General Electricity Corporation, with an average consumption of 37 kilowatt-hours per subscriber, while the number of beneficiaries reached 9,800,000.
The new Saudi oil derivatives grant contributes to the operation of 70 power plants, directly reflected in the operation of hospitals, medical centers, roads, schools, government facilities, airports and ports.
It also enhances commercial and economic movement, which contributes to improving all aspects of life.
The Saudi oil derivatives grant is part of the support of the SDRPY, which has offered 224 development projects and initiatives to serve Yemenis in seven main sectors: education, health, water, energy, transport, agriculture and fishery, and building the capacity of government institutions, in addition to other development programs.