20180706 141736

The first batch of the Poly GCL Petroleum Group Holdings Limited’s Hilala light crude oil was delivered to Hansom Glass Factory, on Friday on July 6, 2018.
The Quadrant Investment Group plc, a logistics company, started transporting the crude oil to Addis Ababa from Hilala which is almost 1,200 km from Addis Ababa.
Dawit Shiberu, Chairman of the Board of Directors of Quadrant, has confirmed that his company delivered the first batch of crude oil to a Chinese glass factory located at the south west edge of Addis Ababa around Jomo.
It was on June 28 that the official extraction of the crude oil was inaugurated in Ogaden, Somali region, in  the presence of federal and regional representatives and the Poly-GCL Petroleum Group.
It has been reported that the crude oil will be delivered to the heavy industries that need more energy. Accordingly factories like cement, glass and steel are likely destinations. These companies have been importing the product from abroad.
Crude oil production has a volume of 450 barrels a day, which is a capacity for a single fuel tank truck.
According to Dawit, the country commenced 450 barrel testing crude oil production.
“It is a good success for the country since it can replace imports,” he said.
Dawit told Capital that the transportation of a daily production takes two days on the road, which is mostly asphalt.
It is expected that the next transportation of the crude oil will be to Derba Midro Cement and Sino Steel factories.
Derba Cement is located at Muger Valley, 68km north-west of Addis Ababa. The recently established Chinese steel factory Sino is located around Sheno 79km north east of the capital.
About 27 companies have been competing to handle the transportation but only two are shortlisted including Quadrant, which was established in Ethiopia in 2010.
The company is mainly engaged in the logistics service and is also known for its camp construction and management, remote catering and waste management services. It has been working in logistics support with several mining companies mainly those engaged in gas and oil exploration including Tullow, New Age and Gasprom.
The amount of gas reserve discovered by Poly-GCL is estimated to be 6 to 8 Trillion Cubic Feet. Poly-GCL is a company formed by the China POLY Group and GCL Group to develop oil and gas projects in Ethiopia. Poly-GCL is undertaking further exploration at the area to know the total reserve oil at the location. The natural gas is expected to be transported via pipeline to Djibouti, a place where the natural gas refinery will be built and exported to the world market. The company is also considering forming a micro refinery to change the crude on different petroleum products.
A company owned by Dawit, Newera Mining PLC, is also involved in the mining industry. It has agreed with the government to be the first large scale miner in the silica sand production, which is an industrial input for bottle and glass factories. (Source.Capital)

20180706 151018

Following the recent discovery of crude oil in Ethiopia, the Chinese Hanson International Glass PLC has taken the first delivery of 45,000 liters of the extract on Friday June 6, 2018.
Running successful tests, the Chinese Poly GCL which has been trying to develop, the natural gas reserves in the Calub, Hilala and Genale gas fields is now able to deliver crude oil to be used as furnace oil in the glass factory located around Jomo area in the outskirts of Addis Ababa. The glass manufacturer is one of the plants that are lining up to receive the light crude oil which industry players assimilate with Liquefied Petroleum Gas (LPG). Cement plants, chemical industries and the like use light crude oil for their production.
Poly GCL has hired Quadrant Investment Group for the logistics and transportation services of the extracted crude oil according to Dawit Shibru, co-owner of Quadrant. According to Dawit, Quadrant has long been working with the exploring company and currently has been hired to exclusively provide delivery services across the country. On Friday, Quadrant has delivered the first batch of the extracted crude oil to Hanson Glass factory where the delivery was ceremonial and accompanied by government officials at the Hanson Glass plant.
Hanson Glass factory, which rests on an area of 114, 607sq.m was established by the Chinese CGC Group and the China-Africa Development Fund at a cost of USD 35 million and commenced operation in 2009.
It is to be recalled that Poly GCL started test production of the crude oil last week from Calub area where the company has been developing natural gas reserves in the Calub, Hilala and Genale gas fields. It has also been prospecting for additional gas and oil reserves in its license area measuring 93,000sqkm of land in the arid region of the Ogaden basin since 2014.
Poly GCL was able to strike oil in the wells it drilled at Hilala following which petroleum experts of Poly GCL started a test production in the presence of officials of the federal and regional government.
It was also in the reports that Poly GCL has prepared and summited a gas development plan that will enable it to develop the existing gas reserves in Calub, Hilala, Genale and Dohar gas fields for which the company will construct a gas pipeline all the way to Djibouti where it will build a gas treatment plant. The gas treatment plant will convert the gas into LNG (Liquefied Natural Gas) and Poly GCL plans to export it to China with especial LNG vessels. The total gas development project is estimated to cost four billion dollars. (Source, The Reporter)

Quadrant Investment is the winner for the Peak of success at The BIZZ America 2016.

13909291 1178872222163634 6315814985371552529 o

 

Quadrant has celebrated its fifth year anniversary on December 24th 2016. The program was commenced by speech of Quadrant CEO and special gusts invited from ministry of energy and mine.

On the occasion documentary which depicts the milestone of Quadrant has gone since it’s establishment as independent entity. Clients reflected proudly their complete satisfaction working with Quadrant. The anniversary concluded with the award of employees with best performance achievement and closing speech by shareholders and stake holders.

The active seismic project being carried out since June 2015 come to end in march2016. The project was situated east of Addis Ababa 1250KM.

Quadrant entered in to agreement to provide a logistics service for BGP in September 2015 and actual project has been called out till April 2016. Due to the season situation (rainy) currently the project is going to be shut down and resume most probably in September 2016.

 

new age delonex 2 tullu oli excalogclgatcnipcdmt

Newsletter Subscribe

Subscribe to our newsletter and we will inform you about newest projects and promotions.

Contact us

Bole Medhanialem, Behind Ednamall Park-Lane Tower 3rd Floor Addis Ababa
P.O.Box 17226
Tel:   +251 116 622 111
Fax: +251 116 635 104

info@quadrantinvestmentgroup.com

www.quadrantinvestmentgroup.com

facebooklinkdentwitter