Ethiopia discovers estimated 2b barrels of crude

APA-Addis Ababa An estimated two billion barrels of crude oil has been discovered in the Abay river basin of Ethiopia, mining sector’ s top official has disclosed. Outgoing Ethiopian Minister of Mines and Petroleum Takele Uma Thursday said positive results have now been registered in one of the basins located in the Amhara regional state.

APA-Addis Ababa (Ethiopia) An estimated two billion barrels of crude oil has been discovered in the Abay river basin of Ethiopia, mining sector’s top official has disclosed.

Outgoing Ethiopian Minister of Mines and Petroleum Takele Uma Thursday said positive results have now been registered in one of the basins located in the Amhara regional state.

“An oil exploration study conducted in Warra Iluu, part of the Abay basin, showed that there are more than 2 billion barrels of crude oil,” Uma announced on Twitter.

“The government is working on utilizing the crude oil resources discovered, to ensure prosperity of the nation,” the Uma added.

The East African nation is currently conducting oil exploration in five river basins located in the country.

Previously, an unnamed company launched an exploration bid in Warre Illu but was forced to cease its operations due to a lack of capacity.

MG/as/APA

ACCUEIL | PHOTOS | ENVIRONNEMENT | FINANCE | GENRE | POLITIQUE | CULTURE | SPORTS

ANA NEWS WIRE Disclaimer:
The African News Agency (ANA) is a news wire service and therefore subscribes to the highest standards of journalism as it relates to accuracy, fairness and impartiality.
ANA strives to provide accurate, well sourced and reliable information across Text, Images and Video. Where errors do appear, ANA will seek to correct these timeously and transparently.
The ANA platform also contains news and information from third party sources. ANA has sought to procure reliable content from trusted news sources but cannot be held responsible for the accuracy and opinions provided by such sources on the ANA platform or linked sites.
The content provided for on the ANA News Wire platform, both through the ANA news operation and via its third party sources, are for the sole use of authorised subscribers and partners. Unauthorised access to and usage of ANA content will be subject to legal steps. ANA reserves its rights in this regard.
ANA makes every effort to ensure that the website is up and running smoothly at all times, however ANA does not take responsibility for, and will not be held liable for times when the website is temporarily unavailable due to technical issues that are beyond our control.