RESDAC Systems Plans $60M Oil Refinery In Ethiopia

RESDAC Systems LTD, a leading global energy solutions company, disclosed its plans to establish a crude petroleum oil refinery in Ethiopia with a 60 million USD investment.

The company’s intent was disclosed during a discussion between deputy commissioners of the Ethiopian Investment Commission, Dagato Kumbe and Zeleke Temesgen, and the Indian firm’s delegates.

During the meeting, RESDAC’s delegates were briefed on investment opportunities in Ethiopia’s crude petroleum oil refinery.

“With plans to invest over 60 million USD, the company seeks to establish the refinery through a public-private partnership or independently,” the Ethiopian Investment Commission’s social media post reads.

Subsequently, the EIC management has pledged unwavering support for RESDAC’s upcoming projects, it was indicated.

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