The Ethiopian Petroleum Enterprise (EPE) has said that Ethiopia’s petroleum import will rise by around 13% in the coming years, forcing the country to spend annually around $1.8 billion.
The Ethiopian Petroleum Enterprise said that the country imported around 2.8 billion litres (2.5 millions tons) of petroleum in the past 10 months, worth around $1.4 billion.
Petroleum consumption is on the rise since the past three and four years due to the country’s economic activity, which has been growing by around 10 % in the past five consecutive years, EPE added.
Ethiopia is expected to fully import its petroleum demand from neighbouring Sudan as of September.
Source African Press Agency
African News from NetNewsPublisher.com
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