The Government of Ethiopia, which eyes oil and gas as major income generator over the coming years, has drafted petroleum policy. On Friday the country’s first petroleum policy draft was presented to civil society representatives and opposition political party leaders, who commented on the draft policy that will be implemented in the coming fifteen years. After including comments from different segments of the society, the Ministry expects the policy to be finalized in the coming months. The policy involves issues such as how companies should conduct their business as well as the benefits of local communities from the petroleum industry, among others. In a related development this week the Ministry of Mines and Petroleum of Ethiopia has granted mining exploration license for eight companies.

Source: Ethiopian News April 20, 2019 17:03 UTC