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  • Will a US based investment firm build an oil refinery in Ethiopia?
  • A US based investment firm is collaborating with partners from Asian countries to build an oil refinery in Ethiopia. The project, worth $4 billion, is expected to serve the country and the rest of east African market.
  • What is the market segmentation of Ethiopian edible oil?
  • Market Segmentation and Destination The market segmentation of Ethiopian edible oil depends on the destination where the product is to be sold. In Ethiopia there is shortage of edible oil and almost more than 95% of demand is being fulfilled by import from abroad. In addition, Ethiopia has no experience in exporting refined edible.
  • What is the demand for edible oil in Ethiopia?
  • Demand - Supply Gap Despite of Ethiopia’s favorable geographical condition and potential areas for oil seed production even for export, and existence of many firms engaged in edible oil production, it is fact that more than 98% demand for edible oil is being satisfied by imported edible oil as exhibited in the past five years.
  • How much is Ethiopia's new oil refinery worth?
  • The project, worth $4 billion, is expected to serve the country and the rest of east African market. Located in the Ethiopian eastern town of Awash; some 220 kilometres from the capital Addis Ababa, the refinery will have the capacity to process 120,000 barrels per day. That is equal to six million metric tonnes of crude oil.
  • When was Ethiopia's first oil refinery built?
  • Negatu said. Reports suggest Ethiopia built its first oil refinery in 1967 in the Port of Assab in the current Eritrea. The then refinery built by Russian engineers had the capacity of producing 500,000MT of fuel per year only. Then it was upgraded to process 800,000MT of fuel per annum.
  • How much oil does Ethiopia produce a year?
  • Now the 4 billion is an estimate. It could be slightly lower or it could be slightly higher.” Negatu said. Reports suggest Ethiopia built its first oil refinery in 1967 in the Port of Assab in the current Eritrea. The then refinery built by Russian engineers had the capacity of producing 500,000MT of fuel per year only.