Bitumen price in Ethiopia
Bitumen price in Ethiopia is one of the most important subjects in the world.
Therefore, we will discuss the bitumen price in Ethiopia
and the oil market in this article.
What affects the bitumen price in Ethiopia ?
Disputes between the Sudanese government and South Sudan existed before South Sudan declared independence,
and after the declaration of independence last summer, the differences intensified,
most of which are over natural resources.
To be more specific, the oil dispute between Khartoum and Juba escalated earlier this month
when the Sudanese government announced it had confiscated several shipments of South Sudan oil to compensate for
due taxes on Juba for Sudan’s oil exports. In response to Khartoum, the South Sudanese government announced
that it would suspend oil production.
In addition, the South Sudanese government accuses Khartoum of stealing its oil, while Khartoum says
oil seizures are an internal affair that South Sudan’s newly independent neighbor must take the initiative to resolve.
Needless to mention that the negotiations between
the two sides took place in the Ethiopian capital, Addis Ababa, by Ethiopia and the African Union,
but not only was no agreement reached between the parties, but the crisis worsened.
Unfortunately, the mediators of these negotiations could not help to resolve it. The Ethiopian Prime Minister said:
“After a series of talks by the high-level delegation of the African Union
with both sides, significant progress occurred in the negotiations and it was positive
that the two sides will continue the talks at the level of leaders.”
Despite the progress made, no final agreement happened because South Sudanese
President Silvaker initially withdrew from the talks unexpectedly.
The Ethiopian prime minister has promised that Silva Kerr will not sign any agreement.
Sudanese President Omar al-Bashir then withdrew from the talks,
refusing to comment on why he left the talks. bitumen price in Ethiopia
The fact is that after the declaration of independence of South Sudan,
75% of Sudan’s oil production was transferred to South Sudan and Khartoum lost 36% of its budget revenues.
Some observers fear that the oil dispute between the two sides will be
only a small part and an introduction to deeper differences on more important and
sensitive issues and will prevent the normalization of relations between the two countries.
To sum up, all these mentioned reasons affect the oil and bitumen market in Ethiopia notably.