Nigerian billionaire Aliko Dangote said he is helping to fund a new $660 million refined petroleum product pipeline between Ethiopia and Djibouti.<\/p>\n
Under the deal announced by Ethiopian Investment Holdings on Thursday, the project will see a 120km link built to connect Damerjog port to a distribution facility in Dewele.<\/p>\n
Landlocked Ethiopia relies heavily on Djibouti’s port for imports, including petroleum products.<\/p>\n
The pipeline is expected to begin operations within 18 months with the project including storage facilities on both ends of the connection.<\/p>\n
Ethiopia\u2019s Prime Minister, Abiy Ahmed, said it “will reduce logistics costs and delays\u201d and strengthen energy security along the corridor.<\/p>\n
The project comes as Dangote Group expands its infrastructure and manufacturing businesses across Africa.<\/p>\n
It is building a $4 billion fertiliser pipeline and power plant, plus a polypropylene packaging facility in Ethiopia.<\/p>\n
Dangote is also due to break ground next week on a new 700,000-barrel-per-day oil refinery in Lamu, Kenya.<\/p>\n","protected":false},"excerpt":{"rendered":"
Nigerian billionaire Aliko Dangote said he is helping to fund a new $660 million refined petroleum product pipeline between Ethiopia and Djibouti. Under the deal announced by Ethiopian Investment Holdings on Thursday, the project will see a 120km link built to connect Damerjog port to a distribution facility in Dewele. Landlocked Ethiopia relies heavily on […]<\/p>\n","protected":false},"author":6,"featured_media":16783,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":6,"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_comment_section":"1","number_popup_post":"1","show_post_related":"1","show_inline_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","source_name":"AFP","subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[29,2831,2362,27],"tags":[124,2099,4365,452,114,175],"class_list":["post-22128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-africa","category-energy","category-featured","category-west-africa","tag-abiy-ahmed","tag-aliko-dangote","tag-dangote-group","tag-djibouti","tag-ethiopia","tag-nigeria"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/22128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=22128"}],"version-history":[{"count":1,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/22128\/revisions"}],"predecessor-version":[{"id":22129,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/22128\/revisions\/22129"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/16783"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=22128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=22128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=22128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}