Oil prices rebounded on Tuesday…
The recent dip in new…
Ethiopian Minister of Water and Energy Alemayehu Tajno says that the country’s proposed Millennium Dam will not harm Egypt or Sudan
Speaking to journalists on cooperation between Egypt and Ethiopia in the fields of water and energy Tajno said, "A memorandum of understanding has been signed for building the capabilities in various fields, including the infrastructure, management of the water resources, and designing the irrigation networks. It has also been agreed to continue cooperation to build the capabilities in the field of energy."
When queried about the possible impact of the Millennium Dam and the possibility that it could alter sharing the Nile’s river flow with Egypt and Sudan Tanjo observed, "We would never implement a project that would harm any of our neighbors. The Millennium Dam will benefit Egypt and Sudan because it will curb soil erosion and manage the flow of water throughout the year whether during the flooding or draught seasons, and it will not have an impact on the water shares of Egypt and Sudan.
We believe in the fair distribution of resources from the upstream states to the two downstream states, and we adopt the strategy of partnership and the exchange of benefits. In Egypt and Sudan we have brothers with whom we want to work and cooperate, and this dam is not for the benefit of Ethiopia alone," London’s al-Hayah Arabic newspaper reported.
By. Charles Kennedy, Deputy Editor OilPrice.com
Charles is a writer for Oilprice.com