Ethiopia’s Somali Region to Receive 50% of Oil Revenues

[Barkhadle1520]

https://www.dawan.africa/news/ethiopias-somali-region-to-receive-50percent-of-oil-revenues

Chinese firms will develop natural gas and get 85% until recovery, rest goes to Ethiopian gov, after recovery they say Somali region gets 50% and ethiopian gov and chinese company get 25% each

Recovery might last very long, natural gas requires tons of infrastructure, the pipeline from the gas fields to Djibouti/Berbera will be the most expensive part

Ogaden has 71 billion $ worth of natural gas, Abiy says he will extract 1.33 billion litres per year at phase 2 which is around 130,000$ at current prices

Ethiopia Inaugurates Multi-Billion Dollar Ogaden LNG Project and Associated Infrastructure

Ethiopia Inaugurates Multi-Billion Dollar Ogaden LNG Project and Associated Infrastructure

www.ebc.et

In comparison Qatar a big LNG exporter, generates 177.3 billion liters per year and profits 32 billion usd a year

Whole project will cost 4 billion usd, so recovery will last centuries

Tell me if my calculations were wrong

 

[NidarNidar]

https://www.dawan.africa/news/ethiopias-somali-region-to-receive-50percent-of-oil-revenues

Chinese firms will develop natural gas and get 85% until recovery, rest goes to Ethiopian gov, after recovery they say Somali region gets 50% and ethiopian gov and chinese company get 25% each

Recovery might last very long, natural gas requires tons of infrastructure, the pipeline from the gas fields to Djibouti/Berbera will be the most expensive part

Ogaden has 71 billion $ worth of natural gas, Abiy says he will extract 1.33 billion litres per year at phase 2 which is around 130,000$ at current prices

Ethiopia Inaugurates Multi-Billion Dollar Ogaden LNG Project and Associated Infrastructure

Ethiopia Inaugurates Multi-Billion Dollar Ogaden LNG Project and Associated Infrastructure

www.ebc.et

In comparison Qatar a big LNG exporter, generates 177.3 billion liters per year and profits 32 billion usd a year

Whole project will cost 4 billion usd, so recovery will last centuries

Tell me if my calculations were wrong

My rough estimate is 102 years.

 

[Burqad]

https://www.dawan.africa/news/ethiopias-somali-region-to-receive-50percent-of-oil-revenues

Chinese firms will develop natural gas and get 85% until recovery, rest goes to Ethiopian gov, after recovery they say Somali region gets 50% and ethiopian gov and chinese company get 25% each

Recovery might last very long, natural gas requires tons of infrastructure, the pipeline from the gas fields to Djibouti/Berbera will be the most expensive part

Ogaden has 71 billion $ worth of natural gas, Abiy says he will extract 1.33 billion litres per year at phase 2 which is around 130,000$ at current prices

Ethiopia Inaugurates Multi-Billion Dollar Ogaden LNG Project and Associated Infrastructure

Ethiopia Inaugurates Multi-Billion Dollar Ogaden LNG Project and Associated Infrastructure

www.ebc.et

In comparison Qatar a big LNG exporter, generates 177.3 billion liters per year and profits 32 billion usd a year

Whole project will cost 4 billion usd, so recovery will last centuries

Tell me if my calculations were wrong

Every employee will be a habeshi or Oromo and the “funding to the Somali region” will be taken as contribution to Arat Kilo. The only thing Somalis will get from this is pollution.

 

[Zak12]

Is this recent news or recycled? I know about the Somali region getting 50% of the revenue from older articles @Idilinaa

 

[Barkhadle1520]

My rough estimate is 102 years.

Every employee will be a habeshi or Oromo and the “funding to the Somali region” will be taken as contribution to Arat Kilo. The only thing Somalis will get from this is pollution.

Lol cagdheers got robbed

 

[Burqad]

Lol cagdheers got robbed

Don’t use clan slurs

 

[Barkhadle1520]

Don’t use clan slurs

Spoiler

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[moosaid]

Gov’t Scraps Ogaden Gas Export Plans In Policy Shift

Mines Ministry revives import reduction ambitions

www.thereporterethiopia.com

They stopped the project through jabuuti because Berbera is 400 km closer, and I think the Emirates will finance the construction of the pipelines to Berbera.
But it's sad I was seeing reer DDS happy
They believe that Ethiopia will actually give them 50%.

 

[Jaffar]

Ethiopia soon will be like qatar, and we will be left behind

 

[Craftman10]

Discussed this a while with

Gov’t Scraps Ogaden Gas Export Plans In Policy Shift

Mines Ministry revives import reduction ambitions

www.thereporterethiopia.com

They stopped the project through jabuuti because Berbera is 400 km closer, and I think the Emirates will finance the construction of the pipelines to Berbera.
But it's sad I was seeing reer DDS happy
They believe that Ethiopia will actually give them 50%.

Chinese will never go to Berbera, + Ethiopia is not ready to export for time being.

 

[The Oponian Guild]

Ethiopia soon will be like qatar, and we will be left behind

 

[kozar]

Ethiopia soon will be like qatar, and we will be left behind

Which one, the fano ethiopia, the tigray erhiopia, abiy ethiopia, better be specific waarya

They are better than us doesn't mean they are doing good cuz we know both of us basically got nothing going on for us

 

[Barkhadle1520]

Gov’t Scraps Ogaden Gas Export Plans In Policy Shift

Mines Ministry revives import reduction ambitions

www.thereporterethiopia.com

They stopped the project through jabuuti because Berbera is 400 km closer, and I think the Emirates will finance the construction of the pipelines to Berbera.
But it's sad I was seeing reer DDS happy
They believe that Ethiopia will actually give them 50%.

Even if they give them 50% its literally a worthless amount

 

[Barkhadle1520]

Ethiopia soon will be like qatar, and we will be left behind

With 1 billion liters per year ? Use your brain

 

[Barkhadle1520]

Discussed this a while with

Chinese will never go to Berbera, + Ethiopia is not ready to export for time being.

This whole project is a disaster and a big scam, it will probably be used to feed Ethiopia and not for export

 

[moosaid]

Even if they give them 50% its literally a worthless amount

Yes gas is cheap it's good to use it in your country just to make gas cheaper