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IES is renamed by proclamation number 1263/2021 from Ethiopian Standards Agency which was established following the restructuring of the Quality and Standards Authority of Ethiopia in 2010.
- Will a US based investment firm build an oil refinery in Ethiopia?
- A US based investment firm is collaborating with partners from Asian countries to build an oil refinery in Ethiopia. The project, worth $4 billion, is expected to serve the country and the rest of east African market.
- How much is Ethiopia's new oil refinery worth?
- The project, worth $4 billion, is expected to serve the country and the rest of east African market. Located in the Ethiopian eastern town of Awash; some 220 kilometres from the capital Addis Ababa, the refinery will have the capacity to process 120,000 barrels per day. That is equal to six million metric tonnes of crude oil.
- When was Ethiopia's first oil refinery built?
- Negatu said. Reports suggest Ethiopia built its first oil refinery in 1967 in the Port of Assab in the current Eritrea. The then refinery built by Russian engineers had the capacity of producing 500,000MT of fuel per year only. Then it was upgraded to process 800,000MT of fuel per annum.
- How much oil does Ethiopia produce a year?
- Now the 4 billion is an estimate. It could be slightly lower or it could be slightly higher.” Negatu said. Reports suggest Ethiopia built its first oil refinery in 1967 in the Port of Assab in the current Eritrea. The then refinery built by Russian engineers had the capacity of producing 500,000MT of fuel per year only.
- How much crude oil can Russian refineries produce a year?
- The then refinery built by Russian engineers had the capacity of producing 500,000MT of fuel per year only. Then it was upgraded to process 800,000MT of fuel per annum. But the new facility will eventually have the capacity of refining 12 million metric tons of crude oil yearly.
