13 oC 
Güneşli
Djibouti and Ethiopia have launched the "Horn of Africa Energy Corridor" project to strengthen energy supply security and reduce costs and logistical risks in the transportation of petroleum products between the two countries.
The first phase of the project includes the construction of a petroleum products storage facility in Djibouti with a capacity of 375,000 cubic metres, as well as a cross-border pipeline connecting Djibouti and Ethiopia.
The initial phase is expected to receive an investment of around $160 million.
The second phase of the project envisages the construction of a pipeline stretching approximately 760 kilometres to transport crude oil and natural gas from Ethiopia's Ogaden Basin to the Djibouti coast.
Ethiopia, a landlocked country, currently meets a significant portion of its fuel needs through the Doraleh Port in Djibouti, with petroleum products transported into the country by road.
Under the current system, around 350 fuel tankers operate daily to supply Ethiopia, while the planned pipeline is expected to reduce transportation time from around five days to one day.
The project is expected to lower Ethiopia's import costs, reduce security and logistical risks linked to road transportation, and strengthen Djibouti's role as a regional energy and logistics hub.
The initiative also aims to improve energy supply reliability for both countries while expanding regional cooperation in the Horn of Africa.
Due to Djibouti's strategic location near the Red Sea, the project is also expected to be influenced by wider geopolitical and security developments affecting regional trade routes and infrastructure.(ILKHA)
LEGAL WARNING: All rights of the published news, photos and videos are reserved by İlke Haber Ajansı Basın Yayın San. Trade A.Ş. Under no circumstances can all or part of the news, photos and videos be used without a written contract or subscription.
Turkish President Recep Tayyip Erdoğan concluded a four-day visit to New York for the 81st session of the United Nations General Assembly after holding a series of bilateral meetings with world leaders and senior international officials, with Gaza, regional security, the Russia-Ukraine war, Iran, Iraq and economic cooperation among the main issues on his agenda.
Afghanistan has continued efforts to expand its education infrastructure with the construction of a new school building worth $300,000 in the northern province of Kunduz.
The Israeli regime has approved plans for the construction of 567 new settlement units in two settlements in the Hebron (Al-Khalil) governorate in the occupied West Bank.
