LIVERealNaijaGist — Nigeria's Premier Breaking News, Entertainment & Lifestyle Hub
Business & Economy

Dangote to build $660m petroleum pipeline linking Ethiopia, Djibouti

A
admin_charles
••0 views•2 min read
Dangote to build $660m petroleum pipeline linking Ethiopia, Djibouti

Key Takeaways30-sec read

  • n n Nigerian billionaire Aliko Dangote, Ethiopia and Djibouti are set to develop a $660m refined petroleum products pipeline linking the two East African countries.
  • n A spokesperson in the office of Ethiopian Prime Minister Abiy Ahmed disclosed this to Reuters on Thursday.
  • n The project will include a 120-kilometre pipeline, alongside storage facilities with a combined capacity of about 1.175 million cubic metres in Djibouti and Ethiopia.
ADVERTISEMENT
n n

Nigerian billionaire Aliko Dangote, Ethiopia and Djibouti are set to develop a $660m refined petroleum products pipeline linking the two East African countries.

n

A spokesperson in the office of Ethiopian Prime Minister Abiy Ahmed disclosed this to Reuters on Thursday.

n

The project will include a 120-kilometre pipeline, alongside storage facilities with a combined capacity of about 1.175 million cubic metres in Djibouti and Ethiopia.

n

The spokesperson said the pipeline is expected to become operational within 18 months.

n

Abiy said on X that the project would be developed through a partnership between Ethiopian Investment Holdings and Dangote Group.

n

The pipeline is expected to run between Damerjog in Djibouti, where about 375,000 cubic metres of storage capacity will be provided, and Dewele in Ethiopia, which will have about 800,000 cubic metres of storage capacity.

n

The report said, according to Abiy, the project “aims to reduce logistics costs and delays along the Ethiopia-Djibouti transport corridor. Developers ​say the infrastructure ​will strengthen ⁠energy security and improve supply chain resilience for the two countries.”

n

Abiy made the announcement during a visit to Djibouti, alongside Djiboutian President Ismail Omar Guelleh and Dangote.

n

Dangote Group is already involved in several projects in Ethiopia, including a $4bn fertiliser pipeline and power plant, as well as a polypropylene packaging facility.

n

Meanwhile, Dangote and the Kenyan government are expected to break ground next week for a new 700,000-barrel-per-day crude oil refinery in Lamu.

n

The refinery project is another expansion of Dangote’s energy interests in East Africa.

n n

Reader Reactions12 votes

What is your take on this story? Tap an emoji to react.

ADVERTISEMENT

Related Stories

Rabiu, Elumelu strengthen partnership as BUA Foods hits N1.77tn revenueBusiness & Economy
31 Mar 2026•0 reads·1 min read

Rabiu, Elumelu strengthen partnership as BUA Foods hits N1.77tn revenue

A meeting between leading Nigerian industrialist, Abdul Samad Rabiu, and banking executive, Tony Elumelu, has signalled renewed collaboration between capital and industry, as BUA Foods posted strong financial results for 2025. Rabiu, founder and chairman of BUA Group, hosted Elumelu and his execu...

RealNaijaGistRead →