Ethiopia Contracts China’s GCL to Build $2.5bn Refinery in Somali Region

Ethiopia contracts China’s GCL to build $2.5bn refinery in Somali region

China’s Golden Concord Group (GCL) has signed an agreement with Ethiopia to build a $2.5bn oil refinery in the country’s Somali region, as part ...

GCL of China to Build $2.5 Billion Oil Refinery in Ethiopia

Ethiopia broke ground on its first oil refinery, a $2.5-billion project that the government said is being built by Golden Concord Group Ltd. of China and with capacity to produce 3.5 million tons of fuel a year.