Bloomberg News

Saudi Arabia Agrees to Meet Yemen’s Fuel Needs for April, May

March 29, 2012

Saudi Arabia agreed to meet Yemen’s entire domestic fuel needs for April and May.

Yemen, the Arab world’s poorest country, will receive 500,000 metric tons of oil products worth $600 million in each of the months, state news agency Saba reported this week. Saudi Arabia will supply fuels including gasoline and diesel free of charge, Naser Shaif, a spokesman for Aden Oil Refinery Co., said today.

Yemen is producing crude at about half of its 250,000 barrel-a-day capacity and refineries aren’t receiving supply, Oil Minister Hisham Sharaf said in an interview last month.

To contact the reporter on this story: Mohammed Hatem in Sana’a through the Dubai newsroom at mhatem1@bloomberg.net.

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


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