Most recently, the two countries signed an agreement with Chinese petroleum giant Poly-GCL Petroleum Group Holdings Limited (Poly-GCL) to construct the 767-km Ethiopia-Djibouti natural gas pipeline. Construction of the 767-km natural gas pipeline, which is said to be finalized in two years, will have close to 700-km of the segment in Ethiopia, while the rest of the natural gas pipeline will be constructed in Djibouti's territory. According to Ethiopia's former Minister of Mines, Natural Gas and Petroleum Motuma Mekassa, Poly-GCL's engagement accompanied with the company's rich experience in the sector brings a positive advantage cognizant to the expensive nature of the processing procedures of natural gas. During the 2018 Ethiopian fiscal year alone, the toll road had served more than 7.8 million vehicles, eventually collecting close to 245 million Ethiopian birr (about 9 million U.S. dollars), according to ETRE. As the demand increases, ETRE also expects some 8.8 million vehicles during the current fiscal year, with an expected income of 266 million Ethiopian birr (about 9.8 million dollars).

Source: Ethiopian News February 19, 2019 15:00 UTC