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Ethiopia and #South_Sudan forge deal for new oil pipeline route
Addis Standard
@addisstandard
#Ethiopia and #South_Sudan forge deal for new oil pipeline route
Ethiopia and South Sudan have recently forged a significant agreement to bolster security and trade by constructing a new oil pipeline route.
The accord, finalized on July 6, 2024, between officials from both countries along their shared border, marks a pivotal step towards enhancing economic ties and infrastructure development.
Key resolutions from the meeting include plans to mobilize resources for constructing a vital road connecting Upper Nile State’s Gambella-Pagak through Maiwut to Malakal-Maluth and Paloich.
This strategic route will facilitate the transportation of oil through Djibouti’s port, reinforcing regional trade and security coordination.
South Sudan’s National Legislative Assembly previously approved $778 million for a highway project linking the country with Ethiopia, underscoring their commitment to joint economic prosperity.
Officials, including David Nyang of Upper Nile state, praised the agreement as pivotal for fostering peace, stability, and bilateral relations.
Deputy Minister Semaya K. Kumba hailed the agreement as a historic milestone, emphasizing its potential to address mutual challenges and deepen cooperation between the two countries.