Ethiopia to begin extracting crude oil in its southeast – Reuters

ADDIS ABABA, June 27 (Reuters) – Ethiopia will begin extracting crude oil on a test basis from reserves in the countryโ€™s southeast this week, state-affiliated media and the prime ministerโ€™s office said on Wednesday.

ย Fitsum Arega, chief of staff in Prime Minister Abiy Ahmedโ€™s office, said on Twitter that Abiy had met with officials from Poly-GCL Petroleum Investment Limited to โ€œofficially kick-start crude oil production test in Ogaden Regionโ€.

โ€œThe company has discovered that there is a prospect of commercial quantities of crude oil in the region,โ€ Fitsum wrote.

The firm is a joint venture of state-owned China POLY Group Corporation and Hong Kong-based Golden Concord Group.

The state-affiliated Fana media quoted Abiy as saying 450 barrels would be produced on Thursday on a trial basis.

Reporting by Aaron Maasho; Editing by Elaine Hardcastle Editing by Duncan Miriri/Mark Heinrich

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