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| Africa Horn |
| Ethiopia cancels Chinese oil explorer contract over unfulfilled ultimatums |
| 2022-09-23 |
Consequences because China is asshole. [Garowe] POLY-GCL Petroleum Group Holding Limited- a Chinese-based oil and gas exploration firm has had its canceled by the Æthiopian government over unfulfilled ultimatums.According to Takele Uma Banti, Æthiopia’s Minister of Mines & Petroleum, the Chinese firm was issued with a list of conditions that they were supposed to meet in order to continue exploring the oil and gas Ogaden Basin, in the Somali regional state. The government earlier this year issued a letter of an ultimatum with a list of conditions to POLY-GCL Petroleum Group Holding Limited that were to be met by the company relating to its activities in the oil resource-rich region. According to a statement by on "Takele Uma Banti’s Twitter post "In accordance with the successive notices the Ministry has issued in the past and in full compliance with the PPSAs and the laws of the land, the termination has now been fully effected.1/2." The Ministry warned the company that failing to comply with the ultimatum will result in the "termination of the PPSAs without a need for further notice." Takele further added that "As long as the financing that would enable to develop the oil and gas fields the Ministry is open for mutual and expeditious settlement." POLY-GCL has been exploring petroleum & natural gas in the Ogaden basin since 2013. On June 28, 2018, it officially started crude oil production tests in the Hilala oil fields in the presence of regional officials and representatives of the federal government. The Chinese firm was praised as an important milestone in the history of oil & gas exploration in Æthiopia with Prime Minister Abiy terming it a successful venture for the country. Four years later the government issued a warning letter to the company citing its failure to meet the government’s plans. |
| Posted by:trailing wife |
| #4 Will the Tigray War go 'hot' with boatloads of ChiCom weapons sent to Tigray barbarians to punish the insolent Æthiopian barbarians? |
| Posted by: magpie 2022-09-23 12:00 |
| #3 |
| Posted by: Sheba Smith8503 2022-09-23 10:00 |
| #2 Maybe the Chinese will just 'take it', following the example of an couple of unnamed |
| Posted by: DooDahMan 2022-09-23 02:58 |
| #1 Finding it difficult to deal with the Chinese are you ? |
| Posted by: Besoeker 2022-09-23 02:39 |