UAE, Ethiopia Agree on Addis Asab Oil Pipeline




Ethiopia and the United Arab Emirates have agreed to build an oil pipeline linking the Port of Assab in Eritrea with Addis Abeba, Ethiopia.

Prime Minister Abiy Ahmed (PhD) and Reem Al Hashimy, the Emirate’s state minister for international cooperation, reached an agreement for the installation of the pipeline during their meeting held in Addis Abeba on August 9, 2018.

The two have also reached an agreement to prepare a study for the implementation of the project, according to Fistum Arega, chief of staff at the Office of the Prime Minister.

During the meeting, the two countries discussed ways to implement previously concluded investment agreements, which among others include real estate and resort developments. The Emirate has pledged a total of 3 billion dollars in aid and investments to Ethiopia.



Published on Aug 11,2018 [ Vol 19 ,No 954]


SHARE :
               


Editorial

Our subscribers to the print edition are entitled to get a bonus in a f...


Agenda

The rapprochement between Ethiopia and  Eritrea has led to the signing...


Fineline

The Revolutionary Democrats concluded their council...


Commentary

The National Bank of Ethiopia needs to take measures to improve the red...


Viewpoint

Our subscribers to the print edition are entitled to get a bonus in a f...


Opinion

Our subscribers to the print edition are entitled to get a bonus in a f...


View From Arada

The rallies of the past weeks are healthy manifestations of citizens’...


Editors Pick
















MEMBERS' LOGIN


ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

 

SUBSCRIBE TO ADDISFORTUNE


//