Nigerian billionaire Aliko Dangote is set to partner with Ethiopia and Djibouti on a $660 million project to develop a refined petroleum products pipeline connecting the two East African countries.
The project was disclosed on Thursday as part of plans to improve the transportation and storage of petroleum products in the region.
$660m Pipeline Project
The proposed project will involve the construction of a 120-kilometre pipeline linking Ethiopia and Djibouti.
The development will also include storage facilities with a combined capacity of about 1.175 million cubic metres across the two countries.
The project is expected to create infrastructure for transporting refined petroleum products between the countries and could strengthen regional energy links.
Dangote Expands Beyond Nigeria
The proposed pipeline represents another international project involving Dangote’s growing energy business.
The businessman has increasingly expanded his interests beyond Nigeria, particularly through the Dangote Petroleum Refinery and Petrochemicals in Lagos.
The refinery has become a major part of Dangote’s business interests in the energy sector, with its operations attracting attention both within Nigeria and internationally.
Ethiopia and Djibouti Partnership
Ethiopia and Djibouti are important trade partners in East Africa, with Djibouti serving as a major route for Ethiopia’s international trade.
The planned petroleum pipeline is expected to connect infrastructure in both countries while supporting the movement and storage of refined petroleum products.
The project will include facilities in both Ethiopia and Djibouti as part of the wider development.
What the Project Means
The planned pipeline could provide additional infrastructure for petroleum distribution in the region while creating opportunities for investment and related economic activity.
For Dangote, the project would also represent another step in expanding his energy interests outside Nigeria.
Details about the project’s construction timeline and other implementation stages are expected to emerge as the agreement progresses.
For now, the $660 million development remains one of the latest major international projects linked to Dangote’s expanding petroleum business.