Ethiopian Government Forms Company to Develop Oil, Gas Resources

By William Davison – September 13, 2012

Ethiopia’s government will form the Petroleum Development Enterprise that will develop oil and gas resources in partnership with private companies, Mines Minister Sinknesh Ejigu said.
The state-owned company will “bolster and enhance development,” Sinknesh said today in a phone interview from the capital, Addis Ababa. A similar public enterprise will be set up to extract mineral resources including precious metals, tantalum and potash, she said.
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