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  • 13-08-18

    Saudi Arabia, Yemen ink agreement on oil supply to Yemeni power stations

    (MENAFN) Saudi Arabia has reportedly inked a memorandum of understanding with Yemen on a monthly supply oil substances to power stations at a value of USD60 million.

    The agreement to provide Yemen with the oil substances is to be effective for three months, and is possible to be renewed.

    The purpose behind the deal was explained to be supporting the rapid rebound of Yemen's economy following a long-lasting war and dispute with armed groups.

    The grant is expected to guarantee continuous power supply to key facilities, most specifically hospitals.

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