Tag: Petroleum
New AGE discovers gas reserve in Ogaden
The Ministry of Mines and Petroleum disclosed that the British energy firm New Age (African Global Energy Ltd) has discovered 1.6 Trillion Cubic Feet of natural gas reserve in the Ogaden basin, Somali Regional State.
Ministry drafts mining policy
The Ministry of Mines and Petroleum has drafted a national mining policy that would aimed at bolstering the local mining industry.
Government adjusts oil profit margin
The Council of Ministers on March 2 approved a proposal for a slight increment on the profit margin oil distribution companies and dealers earn from the sale of petroleum products.
Poly GCL negotiates on government’s stake on gas project
The Chinese company, which is in the process of developing the natural gas fields in the Ogaden basin, Somali Regional State, Poly GCL Petroleum Investment, is negotiating with the Ethiopian Minerals, Petroleum and Bio Fuel Corporation on the government’s interest in the gas development project.
Ministry drafts new mining, petroleum proclamations
The Ministry of Mines and Petroleum is drafting new mining and petroleum proclamations that would transform the sector.
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