I.

EXECUTIVE SUMMARY

Aernero A Gos Stoton2021

Ethiopia is known to have 428,000 barrels of proven oil reserves, ranking 98th in the

world. Total oil reserves in Ethiopia are less than even a single year of oil consumption,

making Ethiopia highly dependent on oil imports in order to sustain its consumption

levels.

The oil and gas industry is one of the biggest and lucrative industries. In- fact, it is

probably one of the most vital sectors of the economy because every other industry is

dependent on its output; which are petroleum products.

The demand of crude oil in the country is increasing everY year by I0%. Currently.

there are more than 831,265 vehicles in the country. The fuel consumption would surge

to 3.4 million metric tons in 2017. Ethiopia consumes daily one million liters of benzene,

6.5 million liters of diesel' and two million liters of jet fuel. The annual kerosene

consumption is 260,000 metric tons. The country has 13 fuel depots in different parts of

the country that can store 360,000 cubic meters of petroleum products.

The fuel retail industry is not growing in a manner consistent with the country's

development and the growing number of vehicles.

Debre Markos town is road dependent economy and one of the destinations of the

northern tourist circuit (Historic Route) and the Great Renaissance Dam with its

spillover effects on tourism & business that requires a lot of gas stations to provide

services to travelers. Roads are crossing to Dembecha-Finote Selam-Injibara-Metekel

zone of Benishangul Gumuz as well as Bahir Dar-Gondar and roads to Dejen-Addis

Ababa are all crossing the town. No doubt it is a busy highway and a busy town with

growing population, which is highly suitable for gas stations.

The owner of project is Ato Ayemero Adane, a resident in Debre Markos town, and
engaged in marketing of wheat & manufacturing of wheat flour. He has planned to

establish a standard gas station on 2,150 sqm plot of land with a storage capacity of