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  • Where is golden Africa's palm oil refining & packaging plant?
  • REUTERS/Ahmed Jadallah One year after its inauguration in December 2018, overlooking the multimodal port of Doraleh, Golden Africa’s palm oil refining and packaging plant has already picked up speed. And trucks, destined for Ethiopia, will soon be on their way, fully loaded. More than $30m was invested in the refinery, the largest in Djibouti.
  • 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.
  • How much palm oil will Ethiopia produce a month?
  • With 35,000 employees and several billion dollars in turnover, the group is one of the world’s leading producers and refiners of palm oil. The monthly target of 21,000tn of oil in the medium term, however, is still insufficient to meet Ethiopian demand of 50,000tn per month and between 6,000 and 8,000tn in Somalia and Eritrea.
  • Why is Ethiopia importing palm oil from Djibouti?
  • While 90% of the palm oil sold in Ethiopia is imported, the region’s only refinery offers an important advantage. Addis Ababa is spending $500m a year on imports, against a backdrop of foreign-exchange shortages. “By importing from Djibouti, there is no foreign-exchange problem.
  • 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.