$1 billion worth of fuel oil imported from Sudan to Ethiopia
Tigrai Online March 31, 2013
The Ethiopian Petroleum Supplier Enterprise (EPSE) said on Saturday that the nation has imported over 1 million metric tonnes of petroleum from neighbouring Sudan
The Ethiopian Petroleum Supplier Enterprise (EPSE) said on Saturday that the nation has imported over 1 million metric tonnes of petroleum from neighbouring Sudan via the port of Djibouti.
Officials said the stated fuel amount was imported at a cost $1.12 billion over the past six months.
A similar amount of petroleum is expected to be imported over the next six months to meet the growing demand for energy in one of Africa’s emerging and fastest growing economies.
The fuel imported during first half of the Ethiopian fiscal year was a rise of 21% in comparison to the same period last year.
According to EPSE’s spokesperson, Alemayehu Tsegaye, the imported 1,091,823 metric tonnes of fuel surpasses the initial planned target of 1,093, 073 metric tonnes.
Ethiopia imports up to 85% of its annual oil consumption from neighbouring Sudan, largely due to its geographic proximity.
Source: Sudan Tribune - http://www.sudantribune.com/spip.php?article46020
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