Home | News    Wednesday 16 June 2010

Ethiopia imports $1.2 Billion fuel from Sudan, Djibouti

separation
increase
decrease
separation
separation

June 15, 2010 (ADDIS ABABA) – Ethiopia said on Tuesday that it has imported 1.8 million metric tones of oil from Sudan and via Djibouti at a cost of 16.4 billion Birr (some 1.22 Billion USD).

The Ethiopian Petroleum Enterprise said that the fuel was imported from Sudan and Djibouti during the past 11months and it has seen a 7.4 percent rise from same time last year.

Speaking to Ethiopia News Agency, Public Relation Officer with the Enterprise, Damenu Kebret said that, currently some 195 fuel tanker trucks enter the country daily carrying 45,000 liters of oil each.
He said Currently Sufficient oil reserve is available in the country due the huge oil purchases made.

Some 80 % of Ethiopia’s oil demand comes from neighboring Sudan based on the two governments’ special agreement, which allows Ethiopia to purchase on lower prices from the global oil market.

Ethiopia uses the neighbor country as a major oil source to reduce massive transport costs. According to the Ethiopian Petroleum Enterprise, Oil imports from Sudan could save the country up to US $7 million per year.

The Ethiopian Petroleum Enterprise reasoned out the successive rapid economic growth of the country for the steadily increasing Oil consumption of the country.

Ethiopia sees its Economy growing by 11% this year.The Economist magazine predicts Ethiopia’s economy to grow by 7% in 2010 and predicts the country to be the 5th fastest growing economy in 2010.
Last year, the magazine predicted Ethiopia as the 4th fastest growing economy for2009.

The IMF has rewarded the government’s economic management with financial support, and a strong performance in agriculture, the mainstay of the country, will make Ethiopia as one of the fastest-growing economies.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Peacekeeping faces challenges: here’s how we can meet them 2018-09-23 11:47:05 By Jean-Pierre Lacroix* United Nations peacekeeping remains one of the most effective tools to respond to today’s challenges of global peace and security. Every day, women and men who serve under (...)

Pragmatic patriarchy of Sudan over South Sudan 2018-09-22 09:28:17 James Okuk, PhD “We honour the human capacity to manage our collective lives with peace and even, at times, dignity” – Barbour & Wright The political process of Sudan and South Sudan has (...)

Salient features of South Sudan latest peace deal 2018-09-21 05:36:06 By Roger Alfred Yoron Modi Last week, the government of South Sudan under President Salva Kiir, various armed and unarmed opposition groups and other parties, including the SPLM/A-IO led by Dr (...)


MORE






Latest Press Releases


Unity State community in Kenya supports Khartoum peace agreement 2018-08-17 08:33:21 PRESS STATMENT 14th Aug, 2018 Re: We shall Rally behind Khartoum Peace Agreement The Unity State Community Association in Kenya was established in 2010 to organize and mobilize the people of (...)

The Suspension of Hurriyat Online Newspaper 2018-04-29 07:04:37 Sudan Democracy First Group 28 April 2018 The Sudanese civil and political circles and those concerned with Sudan were shocked by the news that the management of Hurriyat online newspaper has (...)

Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan 2018-04-22 10:01:20 UN Secretary-General, New York African Union Commission, Addis Ababa UN High Commissioner for Human Rights, Geneva Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.