national patent new technology oil refining plant in Ethiopia

The Patent System and Innovation Performance

  • national patent new technology oil refining plant in Ethiopia
  • national patent new technology oil refining plant in Ethiopia
  • national patent new technology oil refining plant in Ethiopia
  • national patent new technology oil refining plant in Ethiopia

ETHIOPIA’S TECHNOLOGY-BASED CHEMICAL INDUSTRY

Ethiopia and the discovery of gas and oil in Ogaden

Fairfax Africa Fund, Asia partner to build $4 billion refinery in Ethiopia

ETHIOPIAN PETROLEUM RESOURCE DEVELOPMENT

  • Who will finance the Ethiopian refinery?
  • The construction of the refinery in Ethiopia is to be financed by the Americans. Fairfax Africa Fund, an investment company based in the United States, expects a total investment of four billion dollars in collaboration with Asian partners.
  • What is Ethiopia's oil refinery?
  • The refinery will mainly serve Ethiopia, but also part of the East African market. Ethiopia’s first oil refinery was established in 1967 in the port of Assab. Built by Russian engineers during the imperial regime, it had the capacity to produce 500,000 tons of fuel per year, which then grew to 800,000 tons.
  • What is the capacity of the Ethiopian refinery?
  • The refinery will have the capacity to transform six million tons of crude oil, equal to about 120,000 barrels a day. Ethiopia currently uses three billion tons of fuel each year. The capacity of the refinery will eventually be extended to 12 million tons per year.
  • Could Ethiopia have more oil and gas than previously thought?
  • Ethiopia could have more oil and gas than previously thought. Poly-GCL, the Chinese company that has been involved in the exploration and development project in the Ogaden basin since the end of 2013, has found new hydrocarbon deposits.

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