Yemen receives Saudi-funded petroleum derivatives to operate power plants

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The Saudi grant will improve the reliability of electrical power to critical facilities in Yemen. (SPA)
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The Saudi grant will improve the reliability of electrical power to critical facilities in Yemen. (SPA)
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The Saudi grant will improve the reliability of electrical power to critical facilities in Yemen. (SPA)
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The Saudi grant will improve the reliability of electrical power to critical facilities in Yemen. (SPA)
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Updated 27 January 2026
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Yemen receives Saudi-funded petroleum derivatives to operate power plants

  • It is part of a tripartite agreement between the Saudi Development and Reconstruction Program for Yemen, the oil company Petromasila, and Yemen’s Ministry of Energy and Electricity

LONDON: The Yemeni governorates of Aden, Al-Mahrah, Shabwah, Abyan, Lahij, Hadramout, and Socotra received Saudi-funded petroleum derivatives for the country’s power plants on Tuesday.

It is part of the tripartite agreement, signed last week, between the Saudi Development and Reconstruction Program for Yemen, the oil company Petromasila, and Yemen’s Ministry of Energy and Electricity.

SDRPY is supporting the Yemeni government with an $81.2 million grant to purchase 339 million liters of diesel and mazut from Petromasila to operate more than 70 power plants across various Yemeni governorates.

The SDRPY highlighted that the grant will improve the reliability of electrical power to critical facilities, including hospitals, medical centers, roads, schools, airports and ports. Additionally, the funding will stimulate the Yemeni economy and support the Central Bank of Yemen by easing the pressure on foreign exchange reserves.

The grant reduces the Ministry of Finance’s fuel-related financial burden and supports the Ministry of Electricity and Energy in improving the efficiency of power plants in Yemen, the Saudi Press Agency reported.

In 2018, the SDRPY provided $180 million, in addition to $422 million in 2021 and another $200 million in 2022, as grants to Yemen to purchase oil derivatives and operate vital sectors of the country.


Trump warns Iran of ‘very traumatic’ outcome if no nuclear deal

Updated 5 sec ago
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Trump warns Iran of ‘very traumatic’ outcome if no nuclear deal

WASHINGTON: US President Donald Trump threatened Iran Thursday with “very traumatic” consequences if it fails to make a nuclear deal — but Israeli Prime Minister Benjamin Netanyahu said he was skeptical about the quality of any such agreement.
Speaking a day after he hosted Netanyahu at the White House, Trump said he hoped for a result “over the next month” from Washington’s negotiations with Tehran over its nuclear program.
“We have to make a deal, otherwise it’s going to be very traumatic, very traumatic. I don’t want that to happen, but we have to make a deal,” Trump told reporters.
“This will be very traumatic for Iran if they don’t make a deal.”
Trump — who is considering sending a second aircraft carrier to the Middle East to pressure Iran — recalled the US military strikes he ordered on Tehran’s nuclear facilities during Israel’s 12-day war with Iran in July last year.
“We’ll see if we can get a deal with them, and if we can’t, we’ll have to go to phase two. Phase two will be very tough for them,” Trump said.
Netanyahu had traveled to Washington to push Trump to take a harder line in the Iran nuclear talks, particularly on including the Islamic Republic’s arsenal of ballistic missiles.
But the Israeli and US leaders apparently remained at odds, with Trump saying after their meeting at the White House on Wednesday that he had insisted the negotiations should continue.

- ‘General skepticism’ -

Netanyahu said in Washington on Thursday before departing for Israel that Trump believed he was laying the ground for a deal.
“He believes that the conditions he is creating, combined with the fact that they surely understand they made a mistake last time when they didn’t reach an agreement, may create the conditions for achieving a good deal,” Netanyahu said, according to a video statement from his office.
But the Israeli premier added: “I will not hide from you that I expressed general skepticism regarding the quality of any agreement with Iran.”
Any deal “must include the elements that are very important from our perspective,” Netanyahu continued, listing Iran’s ballistic missile program and its support for armed groups such as the Palestinian movement Hamas, Yemen’s Houthi rebels and Hezbollah in Lebanon.
“It’s not just the nuclear issue,” he said.
Despite their differences on Iran, Trump signaled his strong personal support for Netanyahu as he criticized Israeli President Isaac Herzog for rejecting his request to pardon the prime minister on corruption charges.
“You have a president that refuses to give him a pardon. I think that man should be ashamed of himself,” Trump said on Thursday.
Trump has repeatedly hinted at potential US military action against Iran following its deadly crackdown on protests last month, even as Washington and Tehran restarted talks last week with a meeting in Oman.
The last round of talks between the two foes was cut short by Israel’s war with Iran and the US strikes.
So far, Iran has rejected expanding the new talks beyond the issue of its nuclear program. Tehran denies seeking a nuclear weapon, and has said it will not give in to “excessive demands” on the subject.