Day: December 3, 2022

Washington, The World Bank approved an additional $150 million grant for the second phase of the Yemen Food Security Response and Resilience Project.

The new funding is designed to address food insecurity, strengthen resilience, and protect livelihoods in Yemen.

The grant will focus on agricultural production and climate-resilient restoration of productive assets to protect livelihoods, scale-up household-level food production and domestic food distribution using a combination of short- and medium-term interventions, and prioritize areas where food insecurity and malnutrition are chronic.

The World Bank’s countrywide program for Yemen has reached $3.3 billion in the International Development Association (IDA) grants since 2016.

Source: Jordan News Agency

Baghdad, The Iraqi Oil Ministry said Saturday that crude exports to Jordan in November were at a daily rate of 10,000 barrels, and an average concessionary price of $75.67 per barrel.

State Organization for Marketing of Oil (SOMO) said statistics indicated that a total amount of 300,230 barrels of crude was exported to Jordan in November, at an average selling price of $77.33.

It said that the selling price of a barrel of crude was $6.747 less than the ministry’s official price of $82.417, and the value of exports to Jordan in one month was $23,216,785 dollars.

For its part, the Jordanian Ministry of Energy and Mineral Resources said that expected net saving from a barrel of crude is about $5.66, with total monthly savings of about $20.7 million after deducting transport and refinery costs.

Source: Jordan News Agency