Prime Minister Abiy Ahmed has taken part in a ceremony marking the construction of a urea fertilizer plant and an oil refinery<\/p>\n
Ethiopian Prime Minister Abiy Ahmed has officially launched two large-scale industrial projects, a urea fertilizer plant and an oil refinery, in the southeastern city of Gode.
\nThe fertilizer plant will be developed by Ethiopian Investment Holdings (EIH) in partnership with Nigeria\u2019s Dangote Group, while the Gode Oil Refinery is set to be constructed by China\u2019s Golden Concord Group Limited (GCL).
\n\u201cToday marks a historic occasion for all Ethiopians as we lay the foundation stone for two transformative projects,\u201d Abiy said in a statement posted on X on Thursday.
\nAccording to Abiy, the Gode Oil Refinery will have a processing capacity of 3.5 million tons per year, utilizing crude oil and condensate extracted from the Hilala oil field. The urea fertilizer plant, meanwhile, will produce up to 3 million tons annually, using natural gas from the Calub gas fields, transported via a 108km pipeline.<\/p>\n
\u00a9\u00a0 X \/ @AbiyAhmedAli <\/p>\n
The prime minister said the projects represent more than industrial advancement. \u201cThey embody our shared responsibility to harness opportunities, strengthen cooperation, and promote peace. Hence I call upon all Ethiopians to continue mobilizing in unity for progress,\u201d Abiy stated.<\/p>\n
\u00a9\u00a0 X \/ @AbiyAhmedAli <\/p>\n
The agreement between EIH and the Dangote Group for the fertilizer facility was signed in August, with project completion targeted within 40 months.<\/p>\n
Read more<\/p>\n
Africa\u2019s largest hydropower dam launched (VIDEO)<\/p>\n
Thursday\u2019s groundbreaking comes just weeks after Ethiopia officially inaugurated the Grand Ethiopian Renaissance Dam (GERD) on the Blue Nile, now considered Africa\u2019s largest hydroelectric facility. The project, which has the capacity to generate up to 5.15 gigawatts of power, is expected to significantly enhance electricity access across the country, where nearly half the population remains without reliable power.
\nDespite regional objections \u2013 particularly from Egypt and Sudan, who fear the GERD will disrupt vital water flows downstream \u2013 Ethiopia has pushed ahead, viewing the dam as central to its long-term development agenda.<\/p>\n
READ MORE: Crudely choked: Why must this nation struggle to refine its own oil?<\/p>\n
Dangote Group, one of Africa\u2019s largest industrial conglomerates, is behind the recently launched Dangote Refinery in Nigeria. Officially inaugurated in May 2023, the complex has a designed capacity of about 650,000 barrels of crude oil per day, making it the largest single-train refinery on the continent. The project represents an investment of roughly $19 billion.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
Prime Minister Abiy Ahmed has taken part in a ceremony marking the construction of a urea fertilizer plant and an oil refinery Ethiopian Prime Minister Abiy Ahmed has officially launched…<\/p>\n","protected":false},"author":1,"featured_media":19653,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-19652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t