2 hrs ago
Ethiopia and Djibouti Announce New Dangote-Backed Petroleum Pipeline
Ethiopia and Djibouti plan to build a pipeline for moving refined petroleum products.
The pipeline will run from Damerjog in Djibouti to Dewele in Ethiopia.
Storage terminals will be built at both ends.
Ethiopian Investment Holdings and the Dangote Group are expected to work together on the project.
Prime Minister Abiy Ahmed announced the plan with Djibouti’s President Ismail Omar Guelleh and businessman Aliko Dangote.
The pipeline could make fuel transportation faster and less expensive.
Officials say it could also make energy supplies more secure.
They described the project as part of wider efforts to improve regional cooperation and economic growth.
Ethiopia and Djibouti announced plans for a refined petroleum products pipeline linking Damerjog and Dewele.
The pipeline will connect Damerjog in Djibouti with Dewele in Ethiopia.
Storage terminals are planned at both ends of the pipeline.
Ethiopian Investment Holdings and the Dangote Group will develop the project through a partnership.
Ethiopian Prime Minister Abiy Ahmed said the project could reduce logistics costs, improve energy security and strengthen the Ethiopia-Djibouti corridor.
- Who
- Ethiopia, Djibouti, Ethiopian Investment Holdings and the Dangote Group; the announcement was made by Prime Minister Abiy Ahmed, President Ismail Omar Guelleh and Aliko Dangote.
- What
- A planned refined petroleum products pipeline with storage terminals at both ends.
- Where
- The pipeline will connect Damerjog in Djibouti with Dewele in Ethiopia.
- When
- The announcement was made on Thursday.
- Why
- To reduce logistics costs and delays, strengthen energy security, and improve the Ethiopia-Djibouti corridor.
Key facts
- Project type
- Refined petroleum products pipeline
- Route
- Damerjog, Djibouti, to Dewele, Ethiopia
- Storage
- Terminals planned at both ends
- Developers
- Ethiopian Investment Holdings and the Dangote Group
- Expected benefits
- Lower logistics costs and fewer delays
- Strategic aim
- Greater energy security and a stronger Ethiopia-Djibouti corridor
- Announcement participants
- Abiy Ahmed, Ismail Omar Guelleh and Aliko Dangote
Quotes
Abiy Ahmed
Prime Minister of Ethiopia
“Together with Ismail Oguelleh and Aliko Dangote, today we announce a major strategic investment connecting Damerjog in Djibouti to Dewele in Ethiopia through a new refined petroleum products pipeline, supported by storage terminals at both ends.”
firstpost.com
“More than a pipeline, this is an investment in future growth, regional integration and a more secure shared economic future, with African investment at its centre.”
firstpost.com
Sources
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