Friday, September 22, 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.