Djibouti Approves Dangote-Ethiopia Oil and Gas Pipelines to Port
Updated
Updated · Bloomberg · May 22
Djibouti Approves Dangote-Ethiopia Oil and Gas Pipelines to Port
3 articles · Updated · Bloomberg · May 22
President Ismail Omar Guelleh approved plans for Dangote Group and Ethiopian Investment Holdings to build oil and gas pipelines through Djibouti to its port.
The approval followed a proposal submitted by Dangote and EIH and was announced after Ethiopian officials, including EIH Chief Executive Officer Brook Taye, visited Djibouti.
The project would deepen Djibouti’s role as a logistics and energy outlet for landlocked Ethiopia while extending Dangote’s footprint in the Horn of Africa.
Dangote is already expanding elsewhere in Ethiopia, where Bloomberg previously reported it had raised its fertilizer investment plan to $4 billion.
With a new energy corridor rising, can Turkish firms challenge established powers for influence in the Horn of Africa?
Is Ethiopia's new pipeline a path to prosperity or a high-stakes gamble on volatile energy markets and regional stability?