Aliko Dangote, Ethiopia and Djibouti agree to build 660 million dollar fuel pipeline
According to BBC Business, Nigerian billionaire Aliko Dangote, along with Ethiopia and Djibouti, have agreed to develop a $660 million petroleum pipeline and storage project linking Djibouti's Damerjog port to Dewele in Ethiopia, including a 120km pipeline and about 400 million litres of storage, with operations expected within 18 months. The project aims to reduce the time to transport fuel from Djibouti's port to Addis Ababa from five days to one day. Dangote said the project would strengthen Ethiopia's energy security and make its fuel supply more resilient.
Key facts
- 01120km pipeline from Damerjog port in Djibouti to Dewele in Ethiopia
- 02Storage capacity of about 400 million litres
- 03Operations expected within 18 months
- 04Fuel transport time from Djibouti port to Addis Ababa reduced from five days to one day
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