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New Doraleh Multi-Purpose Port in Djibouti | Coastweek

DJIBOUTI (Xinhua) -- New Doraleh Multi-Purpose Port in Djibouti is not only a hub of maritime traffic and trade between Europe, Asia and Africa, but also an important gateway to Africa for the construction of the 21st-Century Maritime Silk Road. In recent years, a number of China-Djibouti cooperation projects have made important contributions to promoting China-Djibouti economic and trade cooperation. XINHUA PHOTOS - WANG TENG
Chinese firm to construct Ethiopia-Djibouti natural gas pipeline

ADDIS ABABA (Xinhua) -- Chinese firm Poly-GCL Petroleum Group Holdings Limited (Poly-GCL) is to construct the 767-km Ethiopia-Djibouti natural gas pipeline, the Ethiopia Ministry of Mines and Petroleum (MoMP) announced on Saturday.

In a press statement, MoMP said Ethiopian and Djiboutian government officials have agreed that Poly-GCL will start the natural gas pipeline project construction this year.

Both countries hope to earn much needed foreign currency once the natural gas pipeline project is constructed and commissioned.

The Ethiopian government had back in April announced plans to generate 1 billion U.S. dollars annually from extraction of natural gas and crude oil deposits.

Poly-GCL is expected to install a pipeline to transport the gas from fields in landlocked Ethiopia up to ports in neighboring Djibouti in a period of two years.

Around 700 kilometers of the natural gas pipeline will be located in Ethiopia, while the rest of the natural gas pipeline will be located in Djibouti.

Recently, Poly-GCL discovered 7 to 8 billion cubic trillion feet of natural gas in Ethiopia’s Somali regional state located in the eastern part of the country.

Poly-GCL is a mixed ownership clean energy company engaged in exploration and development, storage and transportation and processing, trade marketing and terminal utilization.
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EARLIER REPORT:

Chinese vice president meets Djibouti Minister of Foreign Affairs

BEIJING China (Xinhua) -- Chinese Vice President Wang Qishan on Wednesday met with Mahamoud Ali Youssouf, Minister of Foreign Affairs and International Cooperation of Djibouti, vowing to enhance exchanges on governance experience.

Hailing the long-standing friendship and healthy and stable relationship between the two countries, Wang said China and Djibouti are friends and brothers of mutual understanding and support of each other’s core interests and major concerns.

This year marks the 40th anniversary of the establishment of diplomatic relations between China and Djibouti.

Wang called on the two countries to seize this opportunity to further promote pragmatic cooperation across-the-board under the guidance of important consensus reached by leaders of the two countries during last year’s Beijing Summit of the Forum on China-Africa Cooperation (FOCAC).

On China’s development, Wang said China had "unswervingly followed the socialist road with Chinese characteristics, exercised strict Party self-governance in every respect, constantly deepened reform and expanded opening-up, and met the people’s increasingly diverse demands in life."

Youssouf said Djibouti was satisfied with the progress of strategic partnership with China, and appreciated China’s long-term friendly help.

He said Djibouti stood ready to learn from China’s experience on development and on the construction of the ruling party.

Chinese State Councilor and Foreign Minister Wang Yi also met with Youssouf on Wednesday.

"China always views and handles its relations with Djibouti in line with the principle that all countries, big or small, are equal, and assists Djibouti in accelerating its development in line with the concept of upholding justice while pursuing shared interests," the foreign minister said.

Calling China-Djibouti cooperation all-round and strategic, Wang Yi suggested both sides seize the opportunities of jointly participating in the Belt and Road Initiative and implementing the outcomes of the FOCAC Beijing summit, to promote the bilateral strategic partnership.

Youssouf said Djibouti would continue striving to develop the long-term strategic partnership with China, and welcomed more Chinese enterprises to invest and set up businesses in his country.

           

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