Thursday, February 9, 2023

Tag: Oil

Chevron eyes Ethiopia’s oil exploration potential

One of the leading US oil firms, Chevron, has shown an interest to engage in oil exploration and development projects in Ethiopia.

Oil companies to take new concessions

Following the removal of the National Bank of Ethiopia’s directive that compels oil and gas companies to open a foreign bank account in Ethiopia international oil companies have shown interest to take new concessions.  

Central Bank directive frustrates oil companies

A directive issued by the National Bank of Ethiopia (NBE) requesting foreign oil companies engaged in oil and gas exploration and development projects in Ethiopia to open a foreign currency bank account in Ethiopia has frustrated international oil companies. 

Ministry drafts new mining, petroleum proclamations

The Ministry of Mines and Petroleum is drafting new mining and petroleum proclamations that would transform the sector.

Ethiopian Petroleum Supply Enterprise floats fuel supply tender

The Ethiopian Petroleum Supply Enterprise (EPSE) last week put up an open international tender inviting oil trading companies for the supply of fuel to be delivered in 2019.


Khat exporters in trouble, $ 21 million export earnings lost

32 exporters accused of mishandling $21 million The licenses of...

Damage to Galafi Route in Djibouti impedes logistics services

The activities of the Ethiopian Shipping and Logistics Service...

A home away from home

As Rastafari around the world join Ethiopia in commemorating the 1896 victory at the Battle of Adwa, the repatriated community in Shashemene received news that the government is now ready to begin the process of granting permanent residence to those with valid passports

New central bank’s governor reveals priorities to get economy back on feet

The newly appointed National Bank of Ethiopia (NBE) governor,...