Matik Kueth<\/b><\/p>\n
Africa-Press – South-Sudan. <\/strong><\/span>Taban Deng Gai, Vice President for Infrastructure Cluster [Photo: Matik Kueth, The City Review]<\/b><\/p>\n The Vice President for Infrastructure Cluster, Taban Deng Gai, stressed the need for South Sudan and Ethiopia to invest in oil and gas to strengthen their economies.<\/p>\n Gai, who spoke during the second day of the Ethiopia-South Sudan business and investment forum in Juba on Tuesday, stated that the two countries need to exhaust the energy sector to leverage the benefits.<\/p>\n \u201cWe have Ethiopia as a business competitor. So, you will discover that when you apply the rule of competitive advantage, there are things that you can produce simply in Turkey, and there are things that you can produce simply in South Sudan. I have been mentioned by the minister of foreign investment,\u201d Deng said.<\/p>\n He added, \u201cBut when you are working for South Sudan, and as I said earlier, we value very much the economic ties between Ethiopia and South Sudan. Let me suggest some of the areas where we should invest more. On the side of South Sudan, you have the oil and gas.\u201d<\/p>\n Deng said South Sudan could supply Ethiopia and other nations with oil if the two engage in bilateral trade.<\/p>\n \u201cWe are discussing with the government of Ethiopia how to put up a fight in the oil field of tourists. When the fight is working, then we will supply Ethiopia, South Sudan, even part of Sudan, and part of the Anti-Congo and Central African Republic,\u201d he added.<\/p>\n He noted that Ethiopia purchases $6 billion worth of petroleum goods from other countries every year and averred that Ethiopia\u2019s economy might be strengthened if it were to purchase oil from South Sudan.<\/p>\n \u201cYou may know that Ethiopia imports petroleum products worth more than $6 billion every year. $6 billion to buy petroleum products from Haiti, maybe from other countries. If this is [between] companies in South Sudan and Ethiopia, this will enhance the economy faster,\u201d he said.<\/p>\n \u201cSo oil and gas is a very important area. You should put your money there. It is an area that we can also mention,\u201d he stressed.<\/p>\n The investment forum organised in Juba sought to provide a platform on which the two countries could brainstorm and come up with ways to to cooperate economically.<\/p>\n Source: The City Review South Sudan<\/b><\/p>\n For More News And Analysis About South-Sudan<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Matik Kueth Africa-Press – South-Sudan. Taban Deng Gai, Vice President for Infrastructure Cluster [Photo: Matik Kueth, The City Review] The Vice President for Infrastructure Cluster, Taban Deng Gai, stressed the need for South Sudan and Ethiopia to invest in oil and gas to strengthen their economies. Gai, who spoke during the second day of the […]<\/p>\n","protected":false},"author":84,"featured_media":58311,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,265,2131,393,236,233,856],"class_list":["post-58312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-sudan","tag-business","tag-ethiopia","tag-south-sudan-2","tag-south-sudan","tag-trader"],"yoast_head":"\n