Ethiopia and Djibouti back Dangote’s $660m oil-terminal project
Ethiopia and Djibouti have described Dangote Group’s Damarjog-Dewele Oil Terminal and Pipeline Project as a strategic investment. They said the $660 million development could strengthen energy security, support regional trade and contribute to deeper economic integration across the Horn of Africa.
Ethiopia and Djibouti have welcomed Dangote Group’s $660 million Damarjog-Dewele Oil Terminal and Pipeline Project, describing it as a strategic investment for the region. The two countries said the project is expected to strengthen energy security and improve trade links. Their assessment was reported by Premium Times.
The project is also expected to support deeper economic integration in the Horn of Africa, according to the report. The description links the development’s significance to both energy supply and wider regional economic cooperation. The supplied material does not provide details of the project’s construction timetable, capacity, financing arrangements or expected completion date.
It also does not specify the precise roles of Ethiopia and Djibouti in the development. Dangote Group is identified as the developer behind the Damarjog-Dewele oil terminal and pipeline project. The stated value of the investment is $660 million.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.