Petroleum Africa
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Wednesday, December 2, 2009
Sudan is supplying nearly 80% of Ethiopia’s petroleum needs. The imports from the neighboring country save the Ethiopian government a substantial amount in importation costs. Ethiopia spends over 50% of its total export earnings to meet the nation’s fuel demand and Sudan has now become the major source.
According to reports, the country saves millions of dollars every year by importing from Sudan compared to receiving imports from Saudi Arabia and the Gulf States.
In a Sudan Tribune article Nile Petroleum Company (NPC) Director Khidir Al-Badri said that NPC is assigned to prepare the country’s rich ethanol source for the use of fuel. The bio-fuel development and usage strategy is expected to make the oil company a leading stakeholder in the Ethiopian oil energy market.
NPC currently has fuel stations in Addis Ababa and other major cities of Ethiopia. The company has also established a partnership with a German firm for the production of petroleum lubricants that comply to international standards and meet the requirements of the Ethiopian market.
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