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Ethiopia Breaks Ground on $2.5bln Fertilizer Plant, Oil Refinery Projects

  • October 13, 2025
  • Dagmawi Zeleke

Ethiopian authorizes have today broken ground on the $2.5 billion fertilizer production complex, and oil refinery construction project in Gode, Somali regional state.

The fertilizer plant will be developed by Ethiopian Investment Holdings (EIH), the government’s strategic investment arm, in partnership with Nigeria’s Dangote Group while China’s Golden Concord Group Ltd (GCL Group) also building the oil refinery.

Together with executives of companies owning the projects, Prime Minister Abiy Ahmed laid the foundation stone at the construction site on Thursday, heralding the launching of both projects.

“Today marks a historic occasion for all Ethiopians as we lay the foundation stone for two transformative projects,” the Praime Minister said.

According to him, the Gode Oil Refinery will have a production capacity of 3.5 million tons per year, utilizing crude oil and condensate from the Hilala oil field.

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