President ismaciil Cumar geele of Djibouti wins the Jackpot

[Xaaji Xunjuf]

South Sudan, Ethiopia, Djibouti Agree On Oil Route for Export

 

13 MARCH 2013

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The Ngamia 1 oil rig in Turkana where Tullow Oil is prospecting for oil with initial signs of huge deposits.

A tripartite agreement was reached late afternoon on Tuesday that will enable South Sudan to start exporting crude oil through ports in Djibouti, crossing inland Ethiopia, sources disclosed to Fortune. Representatives from the three countries have signed a memorandum of understanding at the Addis Abeba Hilton on March 12, 2013.

 

Abrahame Tekeste (PhD), state minister for Finance & Economic Development; Elizabeth James Bol, deputy minister of Petroleum & Mining for South Sudan; and Aboubaker Omar Hadi, chairman of Ports & Free Zones Authority of Djibouti, have negotiated the deal that lets South Sudan export crude oil, transporting it with trucks all the way to the Red Sea Port of Douraleh. If carried out accordingly, South Sudan will start supplying crude oil to the world market beginning July 2013, sources familiar with the deal disclosed.

 

South Sudan had stopped exporting oil for over a year after its fallout with North Sudan over disagreements on border issues and fees the North used to charge for letting the South use its oil pipelines and facilities. Although leaders of both countries signed an agreement in Addis Abeba late last year, experts foresaw the reopening of pipelines taking more time than originally anticipated. Exporting crude oil by trucks through Djibouti is designed as a temporary response until the pipelines are reopened for service, a senior official from South Sudan told Fortune.

[Xaaji Xunjuf]

South Sudan to Truck Oil Through Ethiopia, Djibouti for Export

 

By William Lloyd George - Mar 14, 2013 12:59 PM GMT+0100

 

South Sudan’s government said it signed an agreement with Ethiopia and Djibouti that may enable the East African nation to export oil by truck from July, while a study on a pipeline linking the three countries is completed.

An accord signed on March 12 in the Ethiopian capital, Addis Ababa, envisages crude being exported via Djibouti’s Red Sea port of Douraleh, South Sudan Deputy Petroleum Minister Elizabeth James Bol said in an interview today. Douraleh is 1,469 kilometers (913 miles) northeast of Juba, the South Sudanese capital.

“We need to wait for a technical assessment to be done first, but Ethiopia and Djibouti agreed for the oil to be exported by trucks through their countries,” Bol said.

South Sudan is considering building two pipelines, one via Ethiopia and another across Kenya to the port of Lamu, as an alternative to the conduit that runs through neighboring Sudan. South Sudan halted oil production in January 2012 after accusing Sudan’s government of stealing $815 million worth of its crude, a charge the Khartoum administration denied. The two nations agreed on March 12 to resume production and exports.

ILF Consulting Engineers of Germany has been asked by South Sudan, Djibouti and Ethiopia to carry out a feasibility study on the plan to export oil by truck, Bol said. The study will examine issues including the suitability of the countries’ roads and is expected to be completed in four months, she said.

ILF’s main focus will be to assess the feasibility and engineering plan for the pipeline to Douraleh, Bol said.

“The long-term goal is the pipeline,” she said. “Sending the oil by truck is only a short-term measure till the pipeline is finished.”

South Sudan seceded from Sudan in July 2011, taking control of about three-quarters of the formerly united country’s output of 490,000 barrels of oil a day. Oil in South Sudan is pumped mainly by China National Petroleum Corp., Petroliam Nasional Bhd of Malaysia and India’s Oil & Natural Gas Corp. (ONGC)

To contact the reporter on this story: Paul Richardson in Nairobi at

[Xaaji Xunjuf]

You did it again , your the man you made us proud

[Xaaji Xunjuf]

This project will be very good for Djibouti and very beneficial this project will make sure that Djibouti gets a share of all that is exported from its ports lots of revenue there., and that Djibouti will have the largest and most busiest port in the horn of Africa. It is for sure a major triumph for Djibouti also for Ethiopia and south sudan.Ismaciil cumar geele is doing a fantastic job for the people of Djibouti

 

God bless