Ethiopia and the United Arab Emirates (UAE) have planned to build an oil pipeline linking Eritrea’s port city of Assab and Addis Ababa.
This was revealed today during a meeting between Prime Minister Dr Abiy Ahmed and Reem Al Hashimy, UAE’s Minister of State for International Cooperation.
In a meeting with Ethiopian Prime Minister Dr. Abiy Ahmed, UAE Minister of State for International Cooperation, Reem Al Hashimi said that the two countries have planned to build an oil pipeline between Assab and Addis Ababa, according to Fana.
Ethiopia’s annual fuel, which is growing at a rate of ten percent, imports 4.1 million metric tons of refined petroleum products, most of it via the port of Djibouti, at the cost of 3.6 billion dollars.
The country so far uses tanker trucks to transport the fuel from the Port of Djibouti to central Ethiopia costing the country dearly. Fuel theft, adulteration, and waste are also other challenges with the road transport.
A pipeline is the safest and cheapest mode of fuel transport per one ton of oil and it is also technologically advanced as it uses IT-based monitoring systems.
The governments of Ethiopia under the previous regime had signed a framework agreement on the planned pipeline construction with Djibouti in 2015.
Meanwhile, senior Eritrean delegation composed of Foreign Minister Osman Saleh and Presidential Adviser Yemane Gebreab are in Ethiopia to discuss the progress of implementation of the Asmara agreement.