Ethiopia plans to build a refinery
Source: Reporter
The government is planning to build an oil refinery in eastern part of Ethiopia according to reliable sources.
The Ethiopian Petroleum Enterprise (EPE) is undertaking studies on the possibility that the government could construct the oil refinery near the Ethio-Djibotui border, it was learnt. According to the sources, the Ethiopian government will construct an oil pipeline from the refinery up to the border while the Djiboutian government will construct the pipeline from the port to the Ethiopian border.
The sources said Djibouti is undertaking a study on the construction of the oil pipeline. Russian engineers are undertaking the study. Oil engineers say that importing crude oil reduces the cost of fuel imports adding that during the refining process products like bitumen could be obtained. Ethiopia annually imports more than 1.5 million tones of petroleum at a cost of two billion dollars. Read More
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