DireTube News – Ethiopia and Djibouti Agreed to Construct Oil Pipeline
Ethiopia and Djibouti concluded an agreement giving a green light for the construction of an oil pipeline that stretches across the two countries. The pipeline is going to be managed by the US based African infrastructure development company Black Rhino.
The agreement was inked on Saturday, February 7, 2015 by Tolosa Shagi, Ethiopian Minister of Mines and Ali Yacoub Mahamoud, Djibouti’s Minister of Energy in charge of Natural Resources Department. The fuel reservoir project is said to cost USD 1.4 billion and expected to minimize fuel transportation cost.
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