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The first research document that informs the amount of reserves of natural gas and crude oil in Ethiopia has been released
The first scientific study that informs the actual amount of crude oil and natural gas reserves in Ethiopia and suggests how to extract them has been released. Ministry of Mines Engineer Takele Uma said that the study was conducted for four months. It is stated that the American company “Netherlands Seawell and Associates” conducted the study. A document containing the amount of natural gas in the country and its economic viability was handed over to the ministry today.
At the handing over of the document, Engineer Takele Uma pointed out that in the past, only oil and natural gas reserves existed. Still, the amount was not known, so the resource data were manipulated by various companies. Therefore, he said, this technology solves this problem and creates accountability, making it the first in the history of Ethiopia.
He said the document we received today is a step forward in our national plan to develop natural gas and crude oil.
This document is a certificate of verification of Ethiopia’s natural gas volume and economic viability. They said that it would also enhance the government’s bargaining power.
I believe it will be a good warning to those who are holding our wealth captive with false information, the minister said, thanking everyone who participated in the work.
He pointed out that work is being done to convert the document into action, and said that the issue of its conversion into action will be determined by the speed of our work.
This news of huge untapped reserves natural gas and crude oil has been around going back to my school days in the 1960’s but nothing has come out to fruition. It was discovered during the late emperor’s days but it was forced to be moth balled due to security reasons. Watch now this Ethiopia hater bigot and former member/fanatic supporter of WSLF moaning and daydreaming about his own ‘republic’ fiefdom there. But first he is looking for some lackeys from among my Oromos to re-incarnate his late uncle Ziad Barre’s creation of Somali Abbo Front. You watch him ‘planning’ his grand scheme sitting by the beach there.