Saudi Arabia to send monthly oil derivatives worth $60 mln to Yemen

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Saudi Arabia will send oil derivatives worth $60 million to Yemen every month to help operate electric power plants, the Saudi ambassador to Yemen Mohammed al-Jabir said.

Jabir added that this decision was made under the directives of Saudi King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman. He said that this is to “alleviate the suffering of the Yemeni people as a result of the actions of the pro-Iranian Houthi militias.”


“The oil derivatives grant worth $60 million will greatly contribute to improving the economic situation in Yemen and enhancing the Yemeni Riyal’s exchange rate against foreign currencies to improve the standard of living,” Jabir said.

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