Feb 10 , 2024
Ethiopian Petroleum Supply Enterprise(EPSE) and Nile Petroleum Corporation signed a Memorandum of Understanding to resume the supply of Liquefied Petroleum Gas(LPG) at the Hilton Hotel on Menelik II Ave after a protracted break. Nile used to also supply Bezene for the EPSE, which is a part of the country's sovereign wealth fund, Ethiopian Investment Holding(EIH), until conflict broke out in Sudan last year. The Sudanese Energy company is set to resume the supply of LPG, which was stopped due to foreign currency shortages and pervasive security problems. Esmelalem Mehretu, CEO of EPSE, indicated the significant contribution of the MoU with Nile in decreasing deforestation and minimizing the escalation of household energy costs. "We will begin imports as soon peace is restored," noted Esmealem. The agreement between the two enterprises requires around two million dollars in four months to effectively meet local demand. LPGs, which are primarily used in households for cooking and heating purposes, are composed of either propane or butane alone or a mixture of the two.
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