race for fuelAgainst the backdrop of an explosion of demand for hydrocarbons, the Swiss trader Trafigura signed a contract with Somaliland to both supply and invest in its port infrastructure. The race to supply Ethiopia with hydrocarbons is on-going. READ MORE Somaliland plays up its geopolitical role, courting China and TaiwanThe Swiss-based trader delivered its first shipment of low-sulfur fuel oil a week ago. But it is also chance for Trafigura to secure its position in Ethiopia. If Somaliland’s infrastructure is well developed, Ethiopia has the potential to compete with its two neighbours.

Source: Ethiopian News September 10, 2020 18:11 UTC