November 30, 2009 – Ethiopia is importing 80 % of its total demand for petroleum from neighboring Sudan, easing the horn of Africa country’s massive cost on oil imports, said Sudan’s giant, Nile Petroleum Company (NPC).

Ethiopia spends over 50 % of its total export earnings to meet nation’s fuel demand and Sudan has now become the major source for the fact that it is only next door. According to Ethiopia petroleum enterprise, Ethiopia saves millions of dollars every year by importing from neighboring Sudan than using Saudi Arabia and the Gulf States.

Company director Khidir Al-Badri in a statement said that NPC is assigned to prepare 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 stalk holder in the Ethiopian oil energy market.

According to the director, the company currently has opened fuel stations in the capital Addis Ababa and in other major cities of Ethiopia. He further said that Nile Petroleum Company has established partnership with German company for production of petroleum lubricants that are complying with the international standards to meet requirements of the Ethiopian market.

Source: Sudan Tribune