PETRONAS May Begin Ethiopian Gas Exports in 2015


Yo, PETRONAS staff who volunteer to go to dangerous places like Iraq because the pay is higher. Well, if you’re reading this, get ready for a windfall in 2015.

Taken from Bloomberg, dateline 2010-07-02:

July 2 (Bloomberg) — Petroliam Nasional Bhd., Malaysia’s state-owned oil company, may begin exporting natural gas from Ethiopia in five years, when production starts at a plant it is building in the country, a Mines Ministry official said.

Fields being developed by Petronas in Ethiopia contain as much as 4 trillion cubic feet of gas, Eshetu Chala, senior economist at the Addis Ababa-based ministry, said in an interview yesterday in Kampala, Uganda. Annual production figures have yet to be determined, he said.

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