Tebarek Comes to the Oil Market as Tenth Distributor

A new local oil company called Tebarek oil is on the way to the market starting from the coming New Year 2015 with its depot located in Awash town, 273km from the capital city in eastern Ethiopia.

The new company plans to have five filling stations in Mdjo,Dilla, Hawassa, 73km, 359km and 273kms from Addis Abeba respectively and Akaki, on the outskirts of the city, is established with an initial capital of five million Br and plans to have a 100 million Br expansion in the future.

It will create job opportunities for about 20 employees in each station that will havea minimum areaof 4,000sqm. The company will serve one stop service in which it tries to deliver different services in a single station like car wash, laundry and pharmaceutical services, according to the company.

The oil company is coming into the market where there are nine distributors namely Oil Libya, Total, National Oil Ethiopia (NOC), YetebaberutBeherawi Petroleum (YBP), Kobil, Dalol Oil S.C., WadiAlsundus, a Sudanese Company,Nile and TAF oil S.C. the first four of these companies account for the 89pc of the total fuel distribution in the country while the remaining take 11pc.


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