Ethiopia, Djibouti to embark on oil pipeline project this fiscal year - News Summed Up

Ethiopia, Djibouti to embark on oil pipeline project this fiscal year


Oil Pipeline project is expected to be completed within two years and it is expected to cost billions of dollars. Ethiopia is aiming to export natural gas through the Port of Djibouti. borkenaFebruary 15,2019Ethiopia and Djibouti signed today an agreement in Ethiopia’s capital Addis Ababa to embark on construction of an oil pipe project between the two countries. Ethiopia eyes both better foreign currency earning and employment creation when the project to supply natural gas to export market is completed. Last year, United Arab Emirates unveiled a project to construct oil pipeline between from Assab to Addis Ababa.


Source: Ethiopian News February 16, 2019 03:11 UTC



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