Gomeju Oil Ethiopia, a new indigenous company, has entered the Ethiopian petroleum market with the aim of selling and distributing different petroleum products in the African country, The Reporter informed.

According to 2merkato, the company is founded by a young couple, Tewodros Yeshiwas and Genet Gebreigzabher, and has already built 24 gas stations in Addis Ababa and different regional towns.

Gomeju Oil’s General Services Manager, Alemtesay Habtemariam, stated to The Reporter that the company was established with a view to resolving the shortage of gas stations in the country.

“We want to fill in the gaps in fuel retail business, and we are delivering high-quality products and services,” Habtemariam said.

Addis Ababa, along with other regional towns, are underserved when it comes to the delivery of fuel. There are about 710,000 vehicles in Ethiopia with 70 % of them concentrated in Addis Ababa, where there are only 100 gas stations.

The company’s Co-founder and Managing Director, Tewodros Yeshiwas, said, “We want to bring a major change in the industry by delivering high-quality products and services. Our gas stations have the largest storage capacity in the country. If you take the one that we built in Bishoftu town, it can serve 17 vehicles at a time, and has a storage capacity of 900,000 liters of oil.”