Black Rhino, a company owned by funds from United States investment firm Blackstone Group firm is gearing up to launch the construction of a 550-kilometer fuel pipeline linking landlocked Ethiopia to Djibouti. The United States Assistant Secretary of State, Antony Blinken, told reporters Thursday that construction of the $1.55bn project will soon be launched. Last year Ethiopia and Djibouti signed an agreement to carry on the construction of the fuel pipeline due to be completed in 2018. When the fuel pipeline project also known as Horn of Africa pipeline (HOAP), goes operational, it will transport diesel, gasoline and jet fuel to the horn of African nation whose annual fuel demand grows at an average rate of 15%. The pipeline project is projected to boost energy security and economic development to Ethiopia, one of the world
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