Ethiopia on Thursday started producing crude oil on a trial basis at the Kalub and Hilala fields in the east of the country, more than four decades after it discovered crude oil and natural gas deposits, raising hopes of new income streams for its agriculture dependent economy.
The groundbreaking test-production undertaken by Chinese oil and gas exploration company Poly-GCL Petroleum Holdings Investment Ltd (POY-GCL) saw three wells at the Ogaden basin generate 150 barrels of oil of crude oil, one centrury after the Horn of Africa nation began prospecting for oil and gas reserves in the vast Ogaden Basin.
