Nebiyu was first reported as making the refinery pitch to Ethiopian authorities in 2018. At the time, the project was evaluated at $2 billion. GreenComm Technologies were reported as making a joint proposal with another US company, Innovative Clear Choice Technologies (ICCT) to build the refinery that would process gas to liquid petroleum.
Could Ethiopian-American investor pull off a plan to build its own oil & gas?
On the plains of Ethiopia’s Somali region, outside the regional capital of Jijiga An Ethiopian-American investor and his partners are on the brink of pulling off an elaborate scheme that may unfairly take advantage of Ethiopia’s long-held ambitions to build its own oil & gas industry and become energy independent.
How much oil does Ethiopia have?
It features CEO Nebiyu Getachew and COO Warren Negri For decades, Ethiopia has sought to exploit its abundance of hydrocarbon resources, estimated to be as much as 8 trillion cubic liters in crude oil reserves, largely located in the country’s east.
Why did a Jordanian company revoke an Ethiopian petroleum production license?
Back in 2003 a Jordanian company, Si Tech International, was granted an Ethiopian petroleum production license that was revoked three years later after the company reportedly failed to meet standards.