oil refining markets in Ethiopia

Oil Market Report October 2024 Analysis IEA

  • oil refining markets in Ethiopia
  • oil refining markets in Ethiopia
  • oil refining markets in Ethiopia
  • oil refining markets in Ethiopia

Ethiopia Countries & Regions IEA

Ethiopia: A Potentially Golden Block on East

Ethiopian oil refinery planned as Blackstone pipeline shelved

Up-to-date Data about Ethiopia's Petroleum Resources MoM

  • Why is the oil & gas market growing in Ethiopia?
  • New business models and services are rapidly evolving and assisting to reduce the cost of operations in upstream oil & gas, which in turn promoting the market growth. Sustained growth in the consumption of natural gas, petroleum, and petrochemical products is one of the major growth drivers for oil and gas companies in Ethiopia.
  • Which countries export refined petroleum from Ethiopia?
  • At the same year, Refined Petroleum was the 737th most exported product in Ethiopia. The main destination of Refined Petroleum exports from Ethiopia are: Turkey ($87) and Netherlands ($84). The fastest growing export markets for Refined Petroleum of Ethiopia between 2020 and 2021 were Turkey ($87) and Netherlands ($84).
  • Could oil be found in Ethiopia?
  • There have been some gas discoveries in eastern Ethiopia, but the target in the country's west, specifically in the Sabisa well, is potential oil. This well belongs to Tullow, Africa Oil Corp. (AOI) and Marathon Oil Corp. (MRO). If oil is found in this well, it would be the first discovery in Ethiopia, as part of the same oil system found in Kenya.
  • How much oil does Ethiopia export in 2021?
  • In 2021, Ethiopia exported $171 in Refined Petroleum. The main destinations of Ethiopia exports on Refined Petroleum were Turkey ($87) and Netherlands ($84). In 2021, Ethiopia imported $782M in Refined Petroleum, mainly from Kuwait ($458M), United Arab Emirates ($165M), China ($46.6M), Saudi Arabia ($45.8M), and Egypt ($23.2M).

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