ZeHabesha Ethiopian News | Latest News for All | 24/7

Ethiopia to begin extracting crude oil and natural gas

(Adds details)

ADDIS ABABA, June 27 (Reuters) – Ethiopia will begin extracting crude oil on a test basis from reserves in the country’s southeast this week, state-affiliated media and the prime minister’s office said on Wednesday.

Fitsum Arega, chief of staff in Prime Minister Abiy Ahmed’s office, said on Twitter that Abiy had met with officials from Poly-GCL Petroleum Investment Limited to “officially kick-start crude oil production test in Ogaden Region”.

“The company has discovered that there is a prospect of commercial quantities of crude oil in the region,” Fitsum wrote.

The firm is a joint venture of state-owned China POLY Group Corporation and Hong Kong-based Golden Concord Group.

The state-affiliated Fana media quoted Abiy as saying 450 barrels would be produced on Thursday on a trial basis.

https://youtu.be/TwMIM0KcHSI

1 Comment

  1. It’s the rights of our country to explore it’s natural resources and us it as it wishes, commercially, for export or domestic use and therefore it’s timely due given the need and demand, as Ethiopia grows in every aspects of, development, such as industrialization as well as infrastructural growth and for the flow of currency in order to balance the country’s economy to the global label.
    I pray the black gold will benefit the people of Ethiopia and the country, but not a curse as it has done to other African countries.
    God bless our country.

Leave a Reply

Your email address will not be published.