From BBC News · · 1m 30s
Dangote funds $660m Ethiopia-Djibouti fuel pipeline
Nigerian billionaire Aliko Dangote is backing a new pipeline to speed fuel delivery from Djibouti's port to Ethiopia's capital.
In brief
Nigerian billionaire Aliko Dangote is backing a new pipeline to speed fuel delivery from Djibouti's port to Ethiopia's capital. Aliko Dangote is funding a six hundred sixty million dollar pipeline between Ethiopia and Djibouti to cut fuel transport time from five days to one day. Originally reported by BBC News.
Dangote backs new fuel pipeline
Nigerian billionaire Aliko Dangote has announced he is helping to fund a new six hundred sixty million dollar fuel pipeline between Ethiopia and Djibouti.
Pipeline spans 120 kilometres
The project includes a one hundred twenty kilometre pipeline connecting Djibouti's Damerjog port to a distribution facility in Dewele, Ethiopia, with storage capacity of about four hundred million litres.
Transport time cut dramatically
Ethiopian Prime Minister Abiy Ahmed said the pipeline is expected to reduce fuel transport time from Djibouti's port to the Ethiopian capital Addis Ababa from five days to one.
First phase carries key fuels
The first phase will transport key petroleum products, including jet fuel, diesel and petrol. Operations are expected to begin within eighteen months.
Ethiopia gains energy security
Dangote said the project would strengthen Ethiopia's energy security and make its fuel supply chain more resilient. Landlocked Ethiopia relies heavily on Djibouti's port for petroleum imports.
Wider expansion across Africa
The pipeline is part of Dangote's expansion of infrastructure and manufacturing across Africa. His oil refinery in Nigeria processes seven hundred thousand barrels of crude a day and seeks to double that capacity.
In short
Aliko Dangote is funding a six hundred sixty million dollar pipeline between Ethiopia and Djibouti to cut fuel transport time from five days to one day.
