Ethiopian Prime Minister Abiy Ahmed has said the country will start extracting crude oil from the eastern region on Thursday, local media has reported.
Mr Abiy said exploration, which has been going on for a long time in the Ethiopia's Somali region, has produced positive results.
Chinese company Poly-GCL has been undertaking the project.
The company will start producing 450 barrels of crude oil per day, but this is expected to increase.
Mr Abiy said work to construct a pipeline that would move the oil to Djibouti port will start soon.
Source: GNA
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |