Ethiopia, Djibouti strike a deal for development of oil storage facility in DDIDFZE

Addis Ababa, May 5, 2022 (FBC) – Ethiopia and Djibouti have signed a deal to explore joint opportunities for the development of an oil storage facility in Djibouti Damerjog Industrial Park (DDIDFZE)

The MOU intends to foster a conductive environment for future joint development of oil storage terminals.

It is to be recalled that Ethiopian Airlines, Air Djibouti, the Djibouti International Free Trade Zone (DIFTZ), and Société de Gestion du Terminal à Conteneurs de Doraleh (SGTD) signed the Sea-Air Logistics Model Agreement on March 2022.