Louisiana Light • 2 days | 74.01 | -0.43 | -0.58% | |||
Bonny Light • 21 hours | 76.57 | +0.93 | +1.23% | |||
Opec Basket • 2 days | 75.47 | -1.62 | -2.10% | |||
Mars US • 4 hours | 72.83 | +1.44 | +2.02% | |||
Gasoline • 16 mins | 2.656 | +0.014 | +0.55% |
Bonny Light • 21 hours | 76.57 | +0.93 | +1.23% | |||
Girassol • 21 hours | 79.08 | +1.14 | +1.46% | |||
Opec Basket • 2 days | 75.47 | -1.62 | -2.10% |
Peace Sour • 20 hours | 65.99 | -0.41 | -0.62% | |||
Light Sour Blend • 20 hours | 67.29 | -0.41 | -0.61% | |||
Syncrude Sweet Premium • 20 hours | 76.24 | -0.41 | -0.53% | |||
Central Alberta • 20 hours | 65.59 | -0.41 | -0.62% |
Eagle Ford • 2 days | 68.22 | -0.41 | -0.60% | |||
Oklahoma Sweet • 2 days | 68.25 | -0.50 | -0.73% | |||
Kansas Common • 2 days | 62.00 | +0.00 | +0.00% | |||
Buena Vista • 6 days | 76.40 | +1.64 | +2.19% |
The electric vehicle boom isn’t…
Crude oil prices moved higher…
Ethiopia is deepening its power links with neighboring Djibouti.
Ethiopia and Djibouti have opened a 230-kilovolt electric power transmission line, which will allow Djibouti to import 35 megawatts of electricity from Ethiopia.
The $87 million 225 mile-long Ethiopia-Djibouti electric power transmission line will cover more than 60 percent of Djibouti's power demand while earning Ethiopia up to $1.5 million a month from electricity exports, The Sudan Tribune reported.
Ethiopian Prime Minister Meles Zenawi said at the inauguration ceremony of the transmission line, "The inauguration of the Ethiopia-Djibouti power line project is another milestone in the process of regional economic integration in general and the two sisterly countries in particular. In addition to the traditional railway link the two countries have had for years, we have planned to extend fiber and microwave connections between the two countries thereby to further promote their bilateral cooperation in various aspects," adding that there are additional substantial infrastructure bilateral projects that the two nations hope to implement.
Djibouti President Ismail Omar Guelleh said, "The successful inauguration of the interconnection is the first in a series of shared projects between the two countries."
Besides Djibouti, Ethiopia intends upon completion of a number of hydroelectric projects to sell electricity to neighboring countries, including Sudan, Egypt, Somalia, Kenya, Uganda, and South Sudan.
By. Charles Kennedy, Deputy Editor OilPrice.com
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com