Arab Today, arab today saudis will donate fuel to fight yemen shortage
Last Updated : GMT 21:40:28
Arab Today, arab today
Arab Today, arab today

Saudis will donate fuel to fight Yemen shortage

Arab Today, arab today

Arab Today, arab today Saudis will donate fuel to fight Yemen shortage

Riyadh - Arabstoday

Saudi Arabia will donate fuel to Yemen, throwing a second lifeline in six months to its impoverished southern neighbour to prevent a shortage there from escalating into chaos, industry sources said yesterday. State giant Saudi Aramco will buy oil products from the market but will ask the supplier to discharge the cargo in Yemen instead of in Saudi ports, industry sources familiar with the matter told Reuters. The amount Yemen will receive from Saudi in January will be around 500,000 tonnes. Nearly a year of protests demanding the end of President Ali Abdullah Saleh\'s 33-year rule has brought the poorest Arab country to the brink of a civil war. \"There is a government to government agreement between Yemen and Saudi Arabia where Aramco is buying the gasoline and gasoil and paying for it,\" one source familiar with the deal said. Although a small oil producer, Yemen\'s location on the strategically important Bab Al Mandab strait, through which millions of barrels of oil are shipped between Asia, Europe and the Americas, makes instability there a risk to global trade. Secure passage through the vital shipping lanes is in the spotlight at a time tensions between Iran and the West have escalated after Tehran\'s threat to shut the Straits of Hormuz, the world\'s most important oil export route. \"It is a deal to once again show who is their friend,\" another source with direct knowledge of the Saudi deal said. \"Technically, it is a donation, it looks like a favour. But it is not,\" the source added. It is the second such action. Yemen relied on three million barrels of Saudi-donated crude oil to run its refinery in June, when its main pipeline was shut after blasts, unleashing a fuel shortage which saw people getting killed at dry petrol stations. The pipeline, which was repaired during summer, is shut once again, after consecutive blasts on it in October. The lack of crude flow in the pipeline has also forced the Aden refinery, which mainly produces to meet the domestic fuel demand, to halt operations. By asking the suppliers to ship the cargo directly to Yemen, Saudi Arabia will avoid sailing its own oil tankers to this risky area but will pick up an expensive bill that includes a shipping premium. Increasing chaos in Yemen has created a power vacuum and seen Somali pirates take advantage and ramp up attacks, analysts say, making Yemeni waters off-limits for several international trading companies. \"It is not clear who the lucky suppliers are yet,\" the source said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudis will donate fuel to fight yemen shortage Arab Today, arab today saudis will donate fuel to fight yemen shortage

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday