The reason behind shortage Benzine in Addis Ababa is identified
The state minister said that works on the gas development project is progressing well. Poly-GCL has signed agreement on the pipeline construction with the governments of Ethiopia and Djibouti. “Construction of the pipeline is expected to commence next month and will be completed after two years two years,” he added.
The total cost of the gas development project is estimated at four billion dollars. According to Dr. Koang, Poly-GCL would start exporting gas by 2021.
The gas field commissioning bid victory marks a major progress for China Oil HBP in Africa. “The deal will improve our operating income,” the company said.
Founded in 1998, China Oil HBP Group provides integrated solutions for oil and gas resource development and utilization. Headquartered in Beijing, the company owns 30 wholly-owned and holding subsidiaries. The company listed on the Shenzhen Stock Exchange has more than 1300 employees.