17-03-2015 13:20 via news.yahoo.com

Ethiopian oil marketer sees $5 bln refinery within 10 years

By Wendell Roelf CAPE TOWN (Reuters) - Ethiopia's leading private oil marketer plans to build a $5 billion refinery within ten years to meet the growing demand for refined products in a region experiencing fast economic growth. A refinery could compete with imports from India, the Gulf and beyond, and also help African countries extract more value from their own oil discoveries. Eastern Africa is the latest frontier in the global hydrocarbon hunt after gas discoveries off Tanzania and Mozam
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