The pipeline is to extend from the port of Assab in Eritrea to Ethiopia’s capital, Addis Ababa, Ethiopian state broadcaster Fana TV reported. It is one of several development projects the UAE is expected to fund in the two countries, which signed a deal ending a two-decade war last month.
While the UAE has officially downplayed its role in ending the conflict, it was one of the key players that helped broker the deal, according to an August 8 Reuters report.
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
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