Dangote to build $660m petroleum pipeline linking Ethiopia, Djibouti
Aliko Dangote, Ethiopia and Djibouti are set to develop a $660m refined petroleum products pipeline to reduce logistics costs and boost energy security. Read More: https://punchng.com/dangote-to-build-660m-petroleum-pipeline-linking-ethiopia-djibouti/
Ethiopian Prime Minister Abiy Ahmed has announced plans for a $660 million refined petroleum products pipeline linking Ethiopia and Djibouti. According to a spokesperson in the Ethiopian government, the pipeline project, which will include storage facilities with a combined capacity of 1.175 million cubic metres in Djibouti and Ethiopia, is expected to become operational within 18 months.
The pipeline will run between Damerjog in Djibouti and Dewele in Ethiopia, providing storage capacities of 375,000 cubic metres and 800,000 cubic metres respectively. The development of the infrastructure project is aimed at reducing logistics costs and delays along the Ethiopia-Djibouti transport corridor, enhancing energy security and improving supply chain resilience for the two East African countries.
Dangote Group, a Nigerian billionaire, is already involved in several projects in Ethiopia, including a $4 billion fertiliser pipeline and power plant, as well as a polypropylene packaging facility. Additionally, Dangote and the Kenyan government are set to commence construction of a new 700,000-barrel-per-day crude oil refinery in Lamu next week.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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