OiLibya, one of the biggest fuel suppliers in Ethiopia, has made the most significant expansion in eight years by opening 17 additional petrol stations with an estimated cost of 75 million Br in partnership with individual developers.
This will raise the number of stations of OiLibya to 167.
The Company already opened five stations last month; two are in Addis Abeba, and the remaining are located in five regional states. The remaining petrol stations will be opened in the next four months.
The new stations opened in Addis Abeba are located in Gorro and Hanna Mariam Sefer. The three others are in Azezo in Gondar, Elala in Meqelle, and Sebeta in Oromia Regional State.
Within the next few months, the Company will have the other stations in Asosa, Meqelle, Gondar, Dilla, Yabelo, Borena, Tulu Dimtu and other places.
OiLibya provides infrastructure, technical support and supplies the oil it receives from the Ethiopian Petroleum Supply Enterprise (EPSE) to individual developers, who join with land to plant the stations and develop the facilities.
The Company also maintains, repairs and replaces station equipment whenever there is damage as far as the contract upholds.
The Company is pursuing this path because it could not afford to lease land and the lower profit margin that exists in the country does not encourage to fully own stations, according to Eshetu Zeleke, a retail manager at OiLibya.
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