Chinese Glass Factory Tests Nation’s First Oil

The Chinese firm Hanson International Glass Plc has taken the first delivery of 45,000 litres of extracted crude from the Ogaden Basin, Ethiopia Somali Regional State on Friday, June 6, 2018.

The Chinese POLY-GCL Petroleum Investment has delivered the crude oil to the glass manufacturer to be used as furnace oil in the glass factory located around Jomo area in the outskirts of Addis Abeba.

The gas reserve is found in three areas of the Ogaden including Ilala and Kulab areas of Shinile zone.

Poly GCL has hired Quadrant Investment Group for the logistics and transportation services of the extracted crude oil.

Ethiopia expects to earn over 1.2 billion dollars in annual revenue from natural gas export in the first few years of production. The earning is expected to reach eight billion dollars.

Published on Jul 07,2018 [ Vol 19 ,No 949]



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