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The Ministry of Mines and Petroleum of Ethiopia(MoMP) has signed a joint study agreement with GreenCom Technologies to build gas processing plant in Ethiopia. The agreement is aimed at building a gas processing plant that also produces Petrochemicals and other industry inputs out of natural gasses. The plant to be built based on the study agreement will also produces industrial inputs used for producing Petroleum gas, aviation fuel, and beauty products.

The gas processing project which is to be implemented jointly by the US- based GreenCom Technologies and Hyundai Engineering and Construction needs more than $ 3.6 billion to be implemented upon the completion of the study. Out of the total budget needed to run the project, $70 million will be covered by GreenCom technologies, it was learned.

The statement from ministry of Mines and Petroleum indicates that the agreement signed includes development of 8 trillion cubic feet natural gas from six potential areas including Calub and Hilala gas reserves sites in Ogaden, Somali regional state.

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The Ministry of Mines and petroleum signed gas commercialization agreement with Chinese firm- Poly GCL Petroleum Investment Ltd, to develop the Ogaden basin’s Calub, Hilala and Shibola gas reserves. The agreement aimed to utilize natural gas of the area for different purposes and commercialize 4 trillion cubic feet gas to be extracted from the Ogaden reserve sites.

The agreement prioritizes consumption of the natural gases for domestic purposes, the statement from Ministry of Mines and Petroleum indicated. According to the statement, the gas product reserved for local market will be used as an input for industries engaged in fertilizers and petrochemicals production. A study suggests that the Ogaden natural gas project will earn Ethiopia close to $6 billion in the next six years.

A number of foreign companies are engaged in exploration and production of natural gases and minerals in Ethiopia.

 

 

Source: Fana Broadcasting Corporation

 

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The House of People’s Representatives (HPR) has approved an agreement that was signed between the Government of Ethiopia and Djibouti, to install a cross-border pipeline in order to transport natural gas. The Ministry of Mines and Natural gas of the two nations signed the deal to build USD four billion worth natural gas pipeline, to transport Ethiopian gas to an export terminal at the Port of Djibouti on the coast of the Red Sea.

During the 7th regular session of the House held on Tuesday, MPs held discussions on a report presented by the Natural Resource, Irrigation and Energy Standing Committee, to whom it was referred to in November, for revisions. Dubbed “The agreement between the government of Ethiopia and Djibouti on the transit of natural gas pipeline ratification proclamation,” the deal grants Ethiopia full ownership and title over the natural gas in the pipeline.

Explaining the draft bill to help approve the agreement signed, Fetiha Yusuf, the chairwoman of the Standing Committee told the House that the draft bill was well-crafted and based on international standards that will insure the benefits of the signatory parties. In addition she noted that this will generate a much needed foreign currency.

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የህዝብ ተወካዮች ምክር ቤት በኢትዮጵያና በጅቡቲ መንግስታት መካከል የተፈጥሮ ጋዝ ቧንቧ መስመር ማስተላለፊያን ለመዘርጋት የተደረሰውን ስምምነት እና የፌዴራል ማረሚያ ቤት ረቂቅ አዋጆችን አፀደቀ።የኢትዮጵያ ፌዴራላዊ ዲሞክራሲያዊ ሪፐብሊክ የህዝብ ተወካዮች ምክር ቤት 7ኛ መደበኛ ስብሰባውን በዛሬው እለት አካሂዷል።በመቀጠልም ምክር ቤቱ በኢትዮጵያ ፌዴራላዊ ዴሞክራሲያዊ ሪፐብሊክ እና በጅቡቲ ሪፐብሊክ መንግስታት መካከል የተፈጥሮ ጋዝ ቧንቧ መስመር ለማስተላለፍ የተደረሰውን ስምምነት ለማጽደቅ የቀረበ ረቂቅ አዋጅ ተመልክቷል።

ከተፈጥሮ ሀብት፣ መስኖና ኢነርጂ ጉዳዮች ቋሚ ኮሚቴ ወይዘሮ ፈቲያ የሱፍ፥ ረቂቅ አዋጁ ላይ በሰጡት ማብራሪያ ስምምነቱ ኢትዮጵያ ያላትን የተፈጥሮ ጋዝ በሚዘረጋው ቧንቧ በማስተላለፍ ጋዙን ለሚጠቀሙ ሀገራት በመሸጥ የውጭ ምንዛሬ ማግኘት የሚያስችላት መሆኑን ገልፀዋል።

የቧንቧ መስመሩ ባለቤት ኢትዮጵያ መሆኗን በረቂቁ ላይ በግልፅ ፣ በሀገራቱ መካከል የተደረሰው የተፈጥሮ ጋዝ ማስተላለፊያ ቧንቧ መስመር ዝርጋታ ስምምነት ዓለም አቀፍ የስምምነት ደረጃ መስፈርትን የሚያሟላ እና ከዚህ በፊት በሀገራቱ መካከል የነበሩ ስምምነቶችን የሚያጠናክር መሆኑን ገልፀዋል።

ይህንን ተከትሎም የምክር ቤቱ አባላት በኢትዮጵያ ፌዴራላዊ ዴሞክራሲያዊ ሪፐብሊክ እና በጅቡቲ ሪፐብሊክ መንግስታት መካከል የተፈጥሮ ጋዝ ቧንቧ መስመር ለማስተላለፍ የተደረሰው ስምምነት ለማጽደቅ የቀረበ ረቂቅ አዋጅን በሙሉ ደምጽ አፅድቀዋል

 

Source: Fana Broadcasting

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