US petroleum consultants sign up to Ethiopian study

Minister Mines and Petroleum Takele Uma signed the agreement with the US company. US Ambassador to Ethiopia Tracey Jackson observed the signing ceremony.

Uma said the study would allow Ethiopia to use its natural resources of oil and gas, using these to drive fertilizer and energy investments. Furthermore, NSAI’s work would provide assurances to foreign investors about the scale of Ethiopia’s hydrocarbons, he said.

Uma said the study would allow Ethiopia to use its natural resources of oil and gas, using these to drive fertilizer and energy investments. Furthermore, NSAI’s work would provide assurances to foreign investors about the scale of Ethiopia’s hydrocarbons, he said.

The US embassy congratulated NSAI and the ministry on striking the agreement. “The US is committed to tackling the climate crisis and to access to reliable, affordable energy around the world,” the statement said.

“We also look forward to a cessation of hostilities in Ethiopia, unhindered humanitarian access, and transparent investigations into human rights abuses and violations that will allow for Ethiopia’s boundless prosperity,” the embassy said.

NSAI has not yet responded to a request for comment.

Ethiopia claims to share geology with other oil-rich countries, citing Sudan and the East African rift, in addition to the Middle East as making discoveries likely.

The Ministry of Mines and Petroleum has identified six basins in the country. Full-tensor gravity (FTG) covers 25% of Ethiopia.

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