China Poly Technology, Chinese natural gas oil exploring company engaged in Ethiopia with USD five billion is plans to produce 40 billion gallon gas three years later, according to Ethiopian News Agency.
Poly-GCL, Chinese company which is engaged in natural gas development project in the Ogaden basin, eastern part of Ethiopia had launched gas well drilling in the Calub gas field on October 6, 2015.
China’s POLY-GCL Petroleum Group Holdings Ltd has completed drilling two appraisal wells in southeast Ethiopia, according to a senior official.
Poly-GCL, company engaged in natural gas exploration in Ethiopia, has started drilling the 6th petroleum and natural gas well dubbed Hilal-7 gas in Somali Regional State, Ethiopia. Thus far the company has drilled 5 gas wells around Calub and Hilala areas in the Ogaden Basin.
The Indian oil producing Pongamia tree is being marketed under the trademark ‘Vayusap.’ The plant promoted as a Wonder plant is being marketed by the Vayugrid Marketplace Services plc.
The strain being marketed in Ethiopia is a high yield, genetically selected form of the Pongamia plant resistant to a range of negative weather conditions and is tolerant to poor quality soil types according to Vayugrid.
The oil from the plant has a range of potential uses in the production pharmaceuticals and bio fuels explained Douglas M. Petersen, Chief Executive Officer of Vayugrid Marketplace Services.
