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US company to construct Ethiopia Djibouti pipeline

United States Company has agreed with Ethiopia to construct the fuel pipeline linking landlocked Ethiopia to Djibouti.US secretary of state said in a statement seen by APA on Friday that the black Rhino company owned

United States Company has agreed with Ethiopia to construct the fuel pipeline linking landlocked Ethiopia to Djibouti.US secretary of state said in a statement seen by APA on Friday that the black Rhino company owned by funds from United States investment firm Blackstone Group has obtained the privilege of the construction of a 550-kilometer fuel pipeline linking Ethiopia to Djibouti.

The United States Assistant Secretary of State, Antony Blinken, said that construction of the $1.55 billion project will soon be launched, without giving more details.

Last year Ethiopia and Djibouti signed an agreement to carry on the construction of the fuel pipeline due to be completed in 2018.

When the fuel pipeline project also known as Horn of Africa pipeline (HOAP), goes operational, it will transport diesel, gasoline and jet fuel to the horn of African nation whose annual fuel demand grows at an average rate of 15 percent.

The pipeline project is projected to boost energy security and economic development to Ethiopia, one of the world’s fast growing economy.

Currently the country transports its imported fuel using hundreds of tanker trucks, but it is costly and time consuming ineffective to meet Ethiopia’s energy requirements.

Source: APA

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10 COMMENTS
  • Asmerom Bahbla February 13, 2016

    Long live ethiopia. Once we mae peace with ethiopia we will also benefit from its developement

  • Musa Ali February 13, 2016

    We are not against development be it ethiopia or else. We are against governments that destroy homes and families. Congratulations to Ethiopia and Ethiopians.

  • Hager February 13, 2016

    Indeed congratulations to Ethiopia. It’s amazing how they have been able to mobilize investor to meet the their goals. It’s our prayer once our dictator is gone we will be a beneficiaries of the various projects they are implementing.

    Wey ane! Zeykeni’ayiweled
    Viva Ethiopia.

  • Eritrean February 13, 2016

    Good news!!! That is what we need to hear.

  • AHMED SALEH !!! February 13, 2016

    Projects for national development give promising hope to Ethiopians if
    they can secure their UNITY to bring stable future . I didn’t like to
    hear recent news about events in Ethiopia and I wish them learn from
    past experience of destructive consequences from miscalculated approach
    from political policy .
    The good and the bad of our region always effect neighboring countries
    and we Eritrean benefit to see stable and prosperous Ethiopia .
    Wish the people best the same way we wish for ourselves .
    SELAM FIKRN YEWRDELNA BIHABERA – INWET NIGOHALU MEDENAGHERTI

  • habtom February 13, 2016

    Good for them…Congratulations!!

  • habtom February 13, 2016

    Congratulations ! We eritreans are tired of Isayas & his followers. Not lucky enough. 25 yrs talking nhna eritrawian nhna eritrawian ab trah golgol.

  • Berhe February 14, 2016

    ይፍጠረሎም ይፍጠረልና።

  • Taddesse T Gebremussie February 14, 2016

    Eritrea’s needed to do something about removing dictator Essays before loosing the importance of Eritrea’s Port to Ethiopia history will ask the iggronance of Eritrea’s selfish so called opposition ELF EPLF stupid parties. They never. Represent the Eritrea’s benefit.

    • AHMED SALEH !!! February 14, 2016

      Eritrean port belongs to it’s owners and your forceful history has
      never been justified on our side . The stupid ELF-EPLF parties you
      called might find themselves in trouble if they give priority to Ethiopian interest . Some people might interpret our good will to
      wish them good does mean an invitation to take advantage on our
      national resources before we resolve existing differences .
      Don’t fool yourself obsessed with unrealistic old dream .

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