Al Bhatti
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13-Dec-2011
Saudi promises aid to Yemen
Saudi Arabia has promised to provide the newly formed government of unrest-hit Yemen with urgently needed aid, mainly petroleum products, Saba state news agency said on Tuesday.
King Abdullah has given instructions to provide "all the urgent needs of Yemen, especially petroleum products," Saudi Foreign Minister Prince Saud al-Faisal was quoted as saying in a phone call with Prime Minister Mohammed Basindawa.
The decision comes after the formation of a unity government on December 7, as stipulated in a Gulf-brokered accord that paves the way for President Ali Abdullah Saleh to leave office following months of deadly protests.
Saleh has handed over his constitutional powers to his deputy who asked the opposition to form a government.
The veteran leader, who has ruled Yemen with an iron fist for the past 33 years, will continue to serve as an honorary president until polls are held to elect his successor in February.
Nationwide demonstrations raging since January, combined with confrontations between government forces and Al-Qaeda militants, have exacerbated the dire economic conditions in the impoverished nation.
The southern Arabian Peninsula country produces 300,000 barrels per day of crude oil, of which it exports 105,000 bpd. But supplies have repeatedly been interrupted due to sabotage attacks.
AFP: Saudi promises aid to Yemen
---------- Post added at 09:05 PM ---------- Previous post was at 09:03 PM ----------
13-Dec-2011
Saudi to donate oil to end Yemen's fuel crisis
Saudi Arabia decided to donate oil to end fuel shortage crisis in its impoverished neighbor Yemen, the Yemeni state Saba news agency reported Monday.
"King Abdullah has decided to donate enough amount of crude oil to Yemen to help end its fuel shortage crisis," Saba cited an official statement as saying.
The decision was made during a telephone conversation on Monday between Saudi Foreign Minister Saud al-Faisal and Yemeni Vice-President Abd-Rabbu Mansour Hadi, according to the statement.
Oil-rich Saudi Arabia gave an aid of three million barrels of crude oil in June to help alleviate Yemen's acute fuel shortage that triggered by months-long protests demanding the ouster of President Ali Abdullah Saleh.
On November 23, Saleh's party, General People's Congress, and the opposition Joint Meeting Parties signed the power-transfer initiative in the Saudi capital of Riyadh, in an attempt to conclude the political crisis.
Under the deal, early presidential elections in Yemen are set to be held on February 21, 2012, while Saleh retains the title of honorary president for 90 days before his resignation and is granted immunity from prosecution.
Saudi to donate oil to end Yemen's fuel crisis|Middle East|chinadaily.com.cn
Saudi promises aid to Yemen
Saudi Arabia has promised to provide the newly formed government of unrest-hit Yemen with urgently needed aid, mainly petroleum products, Saba state news agency said on Tuesday.
King Abdullah has given instructions to provide "all the urgent needs of Yemen, especially petroleum products," Saudi Foreign Minister Prince Saud al-Faisal was quoted as saying in a phone call with Prime Minister Mohammed Basindawa.
The decision comes after the formation of a unity government on December 7, as stipulated in a Gulf-brokered accord that paves the way for President Ali Abdullah Saleh to leave office following months of deadly protests.
Saleh has handed over his constitutional powers to his deputy who asked the opposition to form a government.
The veteran leader, who has ruled Yemen with an iron fist for the past 33 years, will continue to serve as an honorary president until polls are held to elect his successor in February.
Nationwide demonstrations raging since January, combined with confrontations between government forces and Al-Qaeda militants, have exacerbated the dire economic conditions in the impoverished nation.
The southern Arabian Peninsula country produces 300,000 barrels per day of crude oil, of which it exports 105,000 bpd. But supplies have repeatedly been interrupted due to sabotage attacks.
AFP: Saudi promises aid to Yemen
---------- Post added at 09:05 PM ---------- Previous post was at 09:03 PM ----------
13-Dec-2011
Saudi to donate oil to end Yemen's fuel crisis
Saudi Arabia decided to donate oil to end fuel shortage crisis in its impoverished neighbor Yemen, the Yemeni state Saba news agency reported Monday.
"King Abdullah has decided to donate enough amount of crude oil to Yemen to help end its fuel shortage crisis," Saba cited an official statement as saying.
The decision was made during a telephone conversation on Monday between Saudi Foreign Minister Saud al-Faisal and Yemeni Vice-President Abd-Rabbu Mansour Hadi, according to the statement.
Oil-rich Saudi Arabia gave an aid of three million barrels of crude oil in June to help alleviate Yemen's acute fuel shortage that triggered by months-long protests demanding the ouster of President Ali Abdullah Saleh.
On November 23, Saleh's party, General People's Congress, and the opposition Joint Meeting Parties signed the power-transfer initiative in the Saudi capital of Riyadh, in an attempt to conclude the political crisis.
Under the deal, early presidential elections in Yemen are set to be held on February 21, 2012, while Saleh retains the title of honorary president for 90 days before his resignation and is granted immunity from prosecution.
Saudi to donate oil to end Yemen's fuel crisis|Middle East|chinadaily.com.cn