International Interest in Ethiopian Petroleum Exploration Increases

International Interest in Ethiopian petroleum exploration from major companies has increase disclosed by the Ministry of Mines on December 4. There is a significant increase in international companies who request information from the ministry in the last quarter of the year said the ministry.

Major companies that requested information and legal work permit include Chevron and Marathon Petroleum Corp from USA, Itochu Corporation of the Japan, and one unnamed Chinese company indicated the Ministry of Mines.

These companies have approached the ministry with proposals that call for significant capital investment said the MoM. The ministry will provide the country’s present petroleum potential, and the investment climate available to the potential investors it was said.