Pontus Marine

Friday, October 16, 2015

Fuel trade to increase between Ethiopia and Djibouti through pipeline deal

The contractors are expected to raise a minimum of $1 billion (ZAR13 billion) to finance the pipeline construction, the Construction Review Online reported.



(ESI Africa )- In East Africa, project developer Black Rhino Group and South African service provider Mining Oil & Gas Services, have signed a $2 billion (ZAR26 billion) pipeline construction deal. The pipeline will run between Ethiopia and Djibouti in order to mobilise cross-border oil trade between the two neighbours.
Source: ESI Africa