Ethiopia: Natural Gas and Oil Exploration Being Fruitful – 2merkato – Ethiopian Business Portal

by Zelalem

Officials from China Poly Group Corporation met with Ethiopia’s Prime Minister, Hailemariam Dessalegn on Thursday, December 15, 2016. The officials from the Corporation explained that natural gas and oil exploration work being undertaken in Ogaden, Somali State, is bearing fruit.

According to the Chairman of the Corporation, Yu Baodong, the exploration performed until now is promising. The 3.7 billion USD worth exploration project would soon be consolidated, he noted.

Baodong explained that the Chinese firm has also transferred technology know-how for Ethiopian manufacturers. The Chairman also appreciated the Ethiopian Government for its support and disclosed that his Corporation is working to provide electricity access for 28,000 households in rural Ethiopia.

Hailemariam on his part urged the Corporation to engage in other new sectors.

The natural gas and oil exploration being undertaken by the China Poly Group Corporation is scheduled to be concluded by the coming 4 years.

Source: Ethiopian News Agency

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