Ethiopia, Djibouti, and Dangote Group Launch Joint Oil Pipeline Project

Prime Minister Abiy Ahmed announced the official launch of a new oil pipeline project connecting Damerjog in Djibouti with Dewele in Ethiopia. The event took place in Djibouti with Djiboutian President Ismail Omar Guelleh and Aliko Dangote, founder of the Dangote Group. The project incorporates the construction of oil storage terminals at both endpoints of the pipeline. It will be implemented through a strategic partnership between Ethiopian Investment Holdings and the Dangote Group. According to the Prime Minister, the pipeline aims to significantly cut fuel transportation costs and eliminate transit delays. Ultimately, this effort is designed to reinforce Ethiopia's energy security and modernize trade logistics between Ethiopia and Djibouti. The initiative also seeks to encourage cross-border African investment and foster shared regional development.