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The new initiative that will change the relation of Ethiopian Petroleum Supply Enterprise (EPSE) and petroleum companies is expected to commence in the coming week.
The recently formed Petroleum and Petroleum Products Supply and Distribution Regulatory Authority, which is under the Ministry of Trade and Industry, had conducted different studies under the initiative to improve the petroleum business in general and improve the distribution without fraud.
One of the initiatives was to improve the relationship between the oil companies and EPSE, which is the sole oil supplier for companies, and payment modality for the supply of oil.
In this regard, the authority had disclosed that the companies will start buying the fuel on cash basis which will be fully implemented in one year’s time.
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(Photo: Anteneh Aklilu)
Ethiopian Petroleum Dealers Association (EPDA) blasts government and claims that the government has rejected to listen to them.
The leadership of the association that was formed in 1970s currently has 120 members of which the members are expressing neglect. They expressed that despite being at hot point in the petroleum business, the government hasn’t shown any interest in discussing with them the sector challenges that they are facing.
Henok Mekonnen, chair of the board of directors of EPDA, said that from time to time the sector has been facing massive challenges that lead dealers to change their activity to other businesses.
ADDIS ABABA－With the help of a Chinese construction company's "commendable work efficiency", the Ethiopian government aspires to improve the country's fuel distribution network with the timely completion of a Chinese-contracted railway project, said an official.
2021-02-01 07:06:04 GMT2021-02-01 15:06:04(Beijing Time) Xinhua English
AWASH, Ethiopia, Feb. 1 (Xinhua) The Ethiopian government on Sunday launched the construction of a Chinese-contracted railway project that is expected to improve petroleum cargo services in the East African country.
Ethiopia, a landlocked country highly dependent on imported-petroleum products, laid the cornerstone of the railway project connecting the central Ethiopian market town of Awash and Djibouti, which is contracted by China Civil Engineering Construction Corporation (CCECC).
Currently, the country has built the Addis Ababa-Djibouti railway in the central-eastern part, and the Awash-Kombolcha-Woldia railway in the north, to facilitate petroleum cargo services. The new project is part of Ethiopia s aspiration to connect strategic railway lines.