When was oil found in Ethiopia?

History of Exploration Oil and gas in Ethiopia has a history which is a little over a century old. In 1860, an oil seep was discovered, but it wasn’t till the 1920’s that inexhaustible seeps of oil were verified.

Is oil found in Ethiopia?

Oil Production in Ethiopia Ethiopia produces 354.00 barrels per day of oil (as of 2016) ranking 116th in the world. Ethiopia produces every year an amount equivalent to 30.2% of its total proven reserves (as of 2016).

Does Ethiopia have fuel?

Ethiopia holds 0.88 trillion cubic feet (Tcf) of proven gas reserves as of 2017, ranking 70th in the world and accounting for about 0.013% of the world’s total natural gas reserves of 6,923 Tcf. Ethiopia has proven reserves equivalent to inf times its annual consumption.

How much oil does Ogaden have?

At Present, POLY-GCL Petroleum Group, a Chinese state-owned company has been awarded oil & gas exploration rights of some of the most promising blocks in Ogaden. They have estimated the gas reserves in Calub, approximately 1,200km south-east of Addis Abeba and Hilala alone to be four trillion cubic feet.

Is there oil in Tigray?

The Tigray region, located in the north most part of the country, has, in particular, huge deposits of oil shale (Figure 2).

Where does Ethiopia get its oil?

Ethiopia has 6 to 8 trillion cubic meters of proven crude oil reserves. Ethiopia, for the first time ever, began producing crude oil at Kalub and Hilala fields on Thursday in the eastern part of the country.

Does Tigray have oil?

Does Ethiopia have gold?

According to the Extractive Industries Transparency Initiative (EITI), Ethiopia boasts around 200 tons of gold, and with a further 360 million tons of coal and 69 million tons of iron, there is every reason to be optimistic about the country’s mineral future.

Is there gas in Eritrea?

Eritrea ranks 114th in the world for natural gas consumption, accounting for about 0.000% of the world’s total consumption of 132,290,211 MMcf.

Is there gold in Tigray?

Tigray has got rich mineral resources, which include gold, copper, silver, iron, zinc, lead and nickel, as well as oil shale (Yihdego et al., 2018a) .

How much oil factory does Ethiopia have?

Of the 122 factories reporting that they produce oils that should pass through a full refining process, only 3 of them report having such refining processes.

Does Ethiopia have diamond?

Ethiopia also boasts gemstones such as diamonds and sapphires; industrial minerals including potash; and other precious and base metals.

Is there oil in the Horn of Africa?

Much of Africa’s overall oil reserves are untapped and are strategically located in the Horn of Africa, which is on the Red Sea and is a direct route to the oil-rich Middle East.

Where does Eritrea get electricity?

Eritrea’s power is supplied through oil-based power plants. Electricity is available only at larger cities through the Eritrean Electricity Authority, a vertically integrated utility. Electricity access remains low particularly due to the large number of rural villages that do not have electricity.

Does Eritrea have natural resources?

Eritrea’s major mineral resources include natural gas, gold, copper, oil, zinc and potash. Almost 70% of the country is covered by the greenstone belt of Eritrea that has deposits of precious metals and volcanic massive sulfide.

Are there diamond mines in Ethiopia?

Mining is important to the economy of Ethiopia as a diversification from agriculture. Currently, mining comprises only 1% of GDP. Gold, gemstones (diamonds and sapphires), and industrial minerals are important commodities for the country’s export-oriented growth strategy.

Is this the first oil well in Ethiopia?

The foray into Ethiopia was based on geography. This block is considered an extension of Tullow’s Kenya concessions and it all is part of East Africa’s Tertiary Rift (which includes Uganda). If they find oil in this well it would be the first discovery in Ethiopia.

What is the future of the oil and gas industry in Ethiopia?

A company with a promising future in the Ethiopian oil and gas sector is the British oil company New Age (African Global Energy) Ltd. which is currently working in the southeastern Ogaden basin and in Adigala with the Canadian firm Africa Oil.

Where are the oil blocks located in Ethiopia?

Blocks attributed to oil are located throughout Ethiopia, in the northeast, southeast and southwest of the country. So far, companies from all over the world have shown interest and received concessions in different parts of Ethiopia, including the Ogaden basin.

How much crude oil is there in the Ogaden?

The area, according to the Ministry of Mines, is proven to have 6-8 trillion cubic meters of crude oil. The Chinese company Poly-GCL Petroleum Investment Limited is responsible for the extraction of both crude oil and natural gas in the Ogaden area, Somali regional state in eastern Ethiopia.