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    AllAfrica: Ethiopia: Govt Reviews U.S. $1.4 Billion Pipeline Proposal

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Summary

Ethiopia's government is going over a proposed project to build a petroleum pipe-line from the Port of Djibouti

by: Sruthi

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Press Notes, Africa

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AllAfrica: Ethiopia: Govt Reviews U.S. $1.4 Billion Pipeline Proposal

Ethiopia's government is going over a proposed project to build a petroleum pipe-line from the Port of Djibouti, which could cost 1.4 billion dollars and take two years to construct.

The news was disclosed during the "Powering Africa: Ethiopia Meeting," which took place at the Radisson Blu Hotel, on November 21, 2014. The meeting was organised by the UK-based company Energy Net Ltd, which "organises a global portfolio of investment meetings, conferences and energy forums, focused specifically on the power and industrial sectors across Africa," according to its website.

Officials at the Ministry of Water, Irrigation & Energy (MoWIE), confirmed that the proposal had been submitted and they would look at it before deciding to discuss it further with other stakeholders, such as the Ministry of Finance & Economic Development (MoFED), the Ministry of Foreign Affairs (MoFA), and Ministry of Transport (MoT).
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