Ethiopia to Start Crude Oil Production Testing Tomorrow

Addis Ababa June 27/2018 Ethiopia will start extracting crude oil as of tomorrow from the field in Somali regional state for testing, Prime Minister Abiy Ahmed announced. This is the first time for Ethiopia to extract its crude oil deposit. In a presser he gave here today, the Premier said that the extraction will start tomorrow as the excavations have brought tangible results. Some 450 barrels of crude oil will be extracted daily through the production testing. POLY-GCL a Chinese-based company that has been engaged in oil and gas exploration and development in the region has discovered oil and natural gas deposits. Noting that Ethiopia is rich with natural resources, the premier emphasized that the proper utilization of its resources is the most important thing that would lead towards development. He expressed his belief that, the extraction of the crude oil will further enhance efforts underway to build unity, love and reconciliation among Ethiopians. The production of crude oil and natural gas will boost the country’s economy in similar way that other sectors enhance the livelihood of residents. Upon its fully operational, nation is expected to generate around one billion USD per year from the production of crude oil.