Ethiopian Prime Minister Abiy Ahmed says the planned refined petroleum products pipeline will connect Damerjog in Djibouti with Dewele in Ethiopia, with storage terminals at both ends.
Ethiopia and Djibouti have announced a strategic investment to develop a new refined petroleum products pipeline connecting Damerjog in Djibouti with Dewele in Ethiopia, Ethiopian Prime Minister Abiy Ahmed said on Thursday.
The project will be developed through a partnership between Ethiopian Investment Holdings and the Dangote Group, according to Abiy.
“Together with Ismail Oguelleh and Aliko Dangote, today we announce a major strategic investment connecting Damerjog in Djibouti to Dewele in Ethiopia through a new refined petroleum products pipeline, supported by storage terminals at both ends,” Abiy said in a post on X.
Abiy made the announcement alongside Djiboutian President Ismail Omar Guelleh and Nigerian businessman Aliko Dangote.
The Ethiopian prime minister said the planned infrastructure would help reduce logistics costs and delays associated with the movement of refined petroleum products between the two countries.
He also said the project would strengthen energy security and improve the efficiency and resilience of the Ethiopia-Djibouti corridor.
“More than a pipeline, this is an investment in future growth, regional integration and a more secure shared economic future, with African investment at its centre,” Abiy said.
The project is expected to include storage terminals at both ends of the pipeline, according to the Ethiopian prime minister’s announcement.
More from BusinessThe announcement comes as Ethiopia and Djibouti seek to deepen their economic and infrastructure links. Abiy described the investment as part of a broader effort to promote regional integration and build a more secure shared economic future.
The involvement of the Dangote Group, one of Africa’s largest industrial conglomerates, also puts private African capital at the centre of the planned energy infrastructure project.
