February 7, 2012 ·8 Comments
ADDIS ABABA — Ethiopian Finance Minister Sufian Ahmed inked a Memorandum of Understanding last week with his Djibouti counterpart Elias Dawaleh Mussa and South Sudan’s Minister of Petroleum and Mines, Stephen Dhieu Dau, in the Ethiopian capital.
The tripartite agreement will promote greater regional integration and infrastructure projects between the three east African countries. The deal includes the construction of oil pipelines, fibre optic connections and the extension of the Djibouti-Ethiopia to South Sudan railway system.
The construction of pipelines stretching for several thousand kilometres will be undertaken by Hong Kong based Chinese company, PetroTrans. It will run from South Sudan oilfields to the Port of Djibouti via Ethiopia’s Gambella region which itself is said to have vast oil deposits.
Mr. Mussa on his part said the inking of MoU demonstrated Djibouti’s pivotal space of great geo-strategic importance and the strengthening and deepening trilateral relations between the three countries. He reaffirmed Djibouti’s commitment in providing access to modern port facilities to both Juba and Addis Ababa.
South Sudan recently announced that it would halt its oil production accusing Khartoum of stealing its oil export. It said it would instead export via Djibouti.
Mr. Dau said the deal will help alleviate hunger and poverty in the region, in particular South Sudan.
Biggest English-Somali news portal
Tuesday, Feb 7, 2012
NOTE: Somalilandpress will be relocating to bigger and better servers to meet growing traffic in the coming hours/days. While this job is undertaken, you might not be able to access the website. We apologize for any inconvenience caused. It will be faster, more reliable and will meet our future plans to expand the website to become the number one news and information website for Somaliland, Ethiopia, Djibouti and Somalia.Follow @somalilandpress