ETHIOPIA DIVERSIFIES OIL SUPPLIES WHILE IT EXPLORES DOMESTIC PRODUCTION
February 8th, 2015
Ethiopia’s appointment of the Vitol Group, the Switzerland-based and Dutch-owned physical oil trading major, to supply Ethiopia with petroleum imports in 2015, marks a sea-change for this key sub-Saharan Africa market.Vitol is replacing the Kuwaiti Independent Petroleum Group after it had supplied the Horn of Africa country with petroleum products for five years. “We selected Vitol because they offered the lowest price and can offer flexible and favourable services”, said Tadesse Hailemariam, CEO of Ethiopian Petroleum Supply Enterprise (EPE), the national ...
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