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Central Bank directive frustrates oil companies

A directive issued by the National Bank of Ethiopia (NBE) requesting foreign oil companies engaged in oil and gas exploration and development projects in Ethiopia to open a foreign currency bank account in Ethiopia has frustrated international oil companies. 

Singaporean company in talks with Poly-GCL for supply of offshore natural gas terminal

The Singaporean ship builder, Sembcorp Marine, is in talks with Poly-GCL, the Chinese company which recently discovered oil and gas finds in Ethiopia, for the provision of an offshore natural gas processing terminal to be moored at the Port of Djibouti and connected to the natural gas transportation pipeline extending from the Calub and Hilala gas fields in the Ogaden basin of the Ethio-Somali Regional State.

Oil gushes forth

After 70 years of relentless quest for oil in the Ogaden basin Ethiopia for the first time began producing a light crude oil from Hilala gas field on a trial basis.

Poly-GCL to start extracting gas next month

The Chinese company which is engaged in oil and gas exploration and development project in the Ogaden basin, Poly-GCL Petroleum Investments Limited, is going to start extracting natural gas at the Calub gas field in the Ethio-Somali Regional State next month.

Oil in Ogaden

Poly-GCL, the Chinese company engaged in oil and gas exploration and development project in the Ethio-Somali Regional State, Ogaden basin, has discovered oil and gas deposits.

Petronas Lubricants link with Gomeju Oil

The Italy-based motor oil and grease producer, Petronas Lubricants, signed an exclusive dealership agreement with Gomeju Oil Ethiopia that enables the latter to promote and distribute Petronas products in Ethiopia.