Two American energy firms, Greencomm and Innovative Clear Choice Technologies (ICCT), have proposed to the Ethiopian government to build a natural gas refinery plant that can process gas to liquid petroleum at a cost of two billion dollars.
(bloomberg, Jan 2018)
Ethiopia’s fast-growing economy has Asian investors lining up to build a new $4 billion oil refinery, even as a Blackstone Group LP-backed fuel pipeline project is shelved.
(thereporterethiopia, Jan 2018)
Fairfax Africa Fund, a US-based investment firm, in collaboration with multiple partners from Asian countries is planning to build an oil refinery in Ethiopia with a total investment cost of four billion US dollars.