Dangote, Ethiopia and Djibouti plan $660m fuel pipeline
Aliko Dangote, Ethiopia and Djibouti are set to develop a $660 million pipeline for refined petroleum products, according to Punch Nigeria. The project is intended to reduce logistics costs and strengthen energy security, although the available report does not provide details on its route, construction schedule, financing or expected capacity.
Aliko Dangote, Ethiopia and Djibouti are set to develop a $660 million pipeline to transport refined petroleum products, Punch Nigeria reports. The proposed project is intended to reduce logistics costs associated with moving fuel and to improve energy security in Ethiopia and Djibouti. The source material does not specify the pipeline’s precise route, planned capacity, construction timetable or financing arrangements.
It also does not state which companies or government agencies would be responsible for construction and operation. The announcement comes against a background of regional efforts to improve the movement and availability of energy supplies, but no further details about the agreement or its implementation were provided in the supplied report.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.