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. EPSE estimates that the country would need 2,780,000 metric tons of gasoil, 840,000 metric tons of jet-fuel, 494,000 metric tons of gasoline and 83,000 metric tons of fuel oil. The country’s total annual fuel demand in 2019 is estimated at 4,197,000 metric tons valued at 2.8 up to three billion dollars.
Based on the agreements the Ethiopian government signed with the governments of Kuwait and Sudan a few years ago a significant amount of fuel is purchased from the state owned national oil companies of the two countries without a tender. Tadesse Hailemariam CEO of EPSE told The Reporter that 50 percent of the gasoil and 100 percent of the jet fuel would be supplied by the Kuwait Petroleum Corporation (KPC). Fifty percent of the gasoil would be purchased from oil trading companies through the open international tender which EPSE would put up in end of September.
Read more: Ethiopian Petroleum Supply Enterprise to float fuel supply tender
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