big crude oil refinery in Addis Ababa

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

  • big crude oil refinery in Addis Ababa
  • big crude oil refinery in Addis Ababa
  • big crude oil refinery in Addis Ababa
  • big crude oil refinery in Addis Ababa

Phibela Industrial PLC Bkg

Ethiopia Oil Refinery Planned Fairfax Africa

Palm oil: Golden Africa thinks big in East Africa

Fairfax, Asian investors to build $4bn refinery in Ethiopia

  • Where is the oil refinery located in Ethiopia?
  • In 2018, a US-based investment business partnered with Asian partners to construct an oil refinery in Ethiopia. The $4 billion project is anticipated to benefit the country as well as the rest of East Africa. The refinery will be located in Awash, Ethiopia’s eastern town, around 220 kilometers from the capital Addis Ababa.
  • Is there oil in Addis Ababa?
  • However, the quantity could exceed 200 billion cubic meters of gas reserves. Even crude oil could be surprisingly plentiful. According to the Minister of Mining, Oil and Natural Gas of Addis Ababa, Koang Tutlam, Poly-GCL discovered more oil in the new exploration wells around Hilala, 1,200 km Southeast from the Ethiopian capital.
  • Where is phibela oil refinery located?
  • The Phibela Industrial PLC oil refinery is located at Bure town, in West Gojjam Zone, Amhara National Regional State, and 441 km north of Addis Ababa. It is a huge edible oil refinery not only in Ethiopia but also in Africa. Phibela Industrial Complex has been set up with an outlay of 4.5 Billion Birr.
  • 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.

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