2merkato

Yetebaberut Behrawi Petroleum S.C, Ethiopian announced a net profit of 18.7 million birr for the last Ethiopian financial year. The company’s profits were 13% above target announced Tsega Asamere Board Chairman at the annual meeting of the company held on the 2nd of January at the Hilton Hotel.

YBP made 27.6 million birr in profits before tax after earning 3.342 billion birr in revenue from the sale of 253.6 million liters of fuel said Tsega. YBP also raised 60.5 million birr through providing 34,000 liters of oil he added.

The petrol station operator has seen a 45 percent increase in sales from the previous year explained Tsega.

The Ethiopian Petroleum Enterprise awarded a 29.5 million US dollar contract to Huyton Inc Company. The contract is for the supply of coal to realize Ethiopia’s plan to use coal as fuel in cement factories.

The contract to be signed next week is for the import of a minimum of 650,000 tons of coal every month beginning from next month, for one year. 

The Ethiopian Petroleum Supply Enterprise announced the resumption of importing benzene from Sudan as of August 12, 2013 after four months suspension.

According to a letter written to all the nine oil retailers operating in Ethiopia, the enterprise announced that all dealers should mobilize their trucks to import fuel from Nile Petroleum Depot located in Al Shagara, near Khartoum.

Ethiopian Pharmaceuticals Manufacturing Share Company (EPHARM) announced that it has started large-scale production of hand sanitizers and face masks to help prevent the spread of the coronavirus in Ethiopia. EPHARM made the announcement at an event held to launch the production effort.

Ethiopian Pharmaceuticals Supplies Agency (EPSA) announced that it has imported medicines worth over a billion birr and they are ready for distribution.