Ethiopia To Extract Crude Oil For The First Time

Ethiopian Prime Minister Abiy Ahmed has said the country will start extracting crude oil from the eastern region on Thursday, local media has reported.

Mr Abiy said exploration, which has been going on for a long time in the Ethiopia's Somali region, has produced positive results.

Chinese company Poly-GCL has been undertaking the project.

The company will start producing 450 barrels of crude oil per day, but this is expected to increase.

Mr Abiy said work to construct a pipeline that would move the oil to Djibouti port will start soon.