Business | Oil & Gas
Saudi Arabia to continue fuel donation to Yemen
Main refinery shut for almost two months
- Reuters
- Published: 00:00 January 12, 2012
Dubai: Saudi Aram-co will continue to donate fuel to Yemen in February, industry sources said, as the company has been seeking to buy at least two cargoes of petrol with at least one to be delivered into Yemen.
The impoverished southern neighbour of Saudi Arabia is reliant on fuel imports from abroad and donations as its main refinery has been shut for almost two months after consecutive blasts on its oil pipeline halted the crude flow.
"Aramco is asking for one cargo to be delivered into Jeddah or Rabigh and the other one to Yemen," a Gulf-based source said, adding that the company will probably end up buying more.
"At least two more cargoes for sure," he said.
Saudi Arabia has been seeking fuel from the market to donate to Yemen, sources said last month.
The donation also coincides with a time when Aramco would need to increase its petrol imports as its Riyadh refinery is partially shut for maintenance.
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