Tag: Oil

The Ethiopian Petroleum Supply Enterprise (EPSE) will soon float an open international tender inviting oil trading companies for the supply of fuel to be delivered in 2019.

Alarmed by the political and security turmoil that occurred in the Ethio-Somali Regional State last week, oil companies engaged in oil exploration projects in the region have evacuated their staff to Addis Ababa, it was learnt.

The Singaporean ship builder, Sembcorp Marine, is in talks with Poly-GCL, the Chinese company which recently discovered oil and gas finds in Ethiopia, for the provision of an offshore natural gas processing terminal to be moored at the Port of Djibouti and connected to the natural gas transportation pipeline extending from the Calub and Hilala gas fields in the Ogaden basin of the Ethio-Somali Regional State.

Capacity limitations at the Djibouti oil terminal has prompted the Ethiopian government to start planning to build an oil terminal at the port of Djibouti, The Reporter has learnt.

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, The Reporter has learnt.