Efforts are being made to alleviate the supply problem of oil factories

Minister of Trade and Industry, Melaku Alebel, on his part said efforts are being made to alleviate the shortage of inputs in the country.

The Ministry of Trade and Industry is holding discussions with stakeholders to identify the problems facing the oil industry.

He said there are 26 major, 206 medium oil producing industries in the country, adding that efforts are underway to replace the demand for edible oil at the national level.

One of the ways to do this is to enable the industries to produce at full capacity, he said.

According to the Minister, the growth of the indigenous economy is a priority of the government. In particular, work is underway to completely replace oil and wheat.

It is expected that a study on the major problems of the oil industry will be presented and discussed by the Ministry of Trade and Industry, Food and Pharmaceutical Industry Development Institute.

Owners of oil factories, including Minister of Agriculture Omar Hussein, attended the forum.
Do we have a Ministry of Commerce? I don’t think so because we have a feeling that he has not been able to manage his work properly and that he has not been able to fulfill his responsibilities. Therefore, it is better if they say they can take over the job, otherwise it would be better to call the ministry the name of the Ministry of Trade.

Our country’s annual demand for cooking oil is estimated at 906 million liters

Addis Ababa, October 21 (WIC) – The Minister of Trade and Industry of the Federal Democratic Republic of Ethiopia, Melaku Alebel, said, He said the country’s demand for edible oil is 906.5 million liters a year, which is a joint venture between government and private investors over the past three years. The number of refineries in the refining process has been increased from 14 to 30.

He said the annual production capacity of oil refineries has been increased from 89 million liters to 1.25 billion liters, he said, adding that the success of the sector will fully meet the country’s oil demand.

Melaku said total oil demand has increased from 5 percent to 40 percent of the country’s gross domestic product. It has completely eliminated the dollar and created a culture of cohesive manufacturing industries.

Melaku added that 4,000 new jobs have been created through the refining of crude oil in the sector.