EPSE, the Ethiopian Petroleum Supply Enterprise, has compensated the Dire Dawa city administration for the construction of the nation's 14th oil depot.
The fuel depot, spanning 16,000 square meters and with a capacity of 300 million liters, is now operational. EPSE, acting as the government's development arm and sole fuel provider, operates under the supervision of Ethiopian Investment Holdings. As national oil demand grows, there is a need to expand oil infrastructure, including terminals, storage tank farms, pipelines, and logistical facilities.
The Dire Dawa depot aims to streamline operational activities by serving as a hub for unloading oil from Djibouti and distributing it nationwide. Ethiopian Investment Holdings has signed a Memorandum of Understanding with AD port to jointly implement the project. Once land handover formalities are completed within two years, the depot will double the country's oil capacity.
Established in 1967, EPSE's core mission is to supply refined oil products nationwide. Over the years, EPSE has maintained a consistent supply of gasoline, kerosene, light fuel oil, and heavy fuel oil, primarily procuring products via Djibouti due to Ethiopia's landlocked status. EPSE collaborates with international partners like Kuwait Petroleum Cooperative and Sudan Petroleum Corporation, utilizing the Dire Dawa oil depot for distribution. Recent partnerships, such as with Nile Petroleum Company Ltd., aim to resume gasoline supply and address LPG supply delays.
Source: Capital Ethiopia
Image source: EPSE