ADDIS ABABA – Ethiopia’s overseas investment, NOC Djibouti, has unveiled a modern service station worth over 200 million Djiboutian francs in Djibouti.
Djibouti’s Minister of Energy in charge of Natural Resources, Yonis Ali Guedi, and NOC Djibouti Country Chairman Fassil Woldemariam attended the inauguration ceremony of the Station on Wednesday.
The Service Station is now equipped with a cutting-edge and efficient distribution system that complies with the latest international safety and environmental protection standards, its officials said.
They said NOC Djibouti has dedicated a significant amount of resources to the construction of this station, which will serve as a valuable asset for Ethiopia and the local community.
NOC Djibouti, after several attempts, secured a lease-management contract for the Lagarde station with the support of Energy Minister Yonis and Ethiopian Ambassador to Djibouti Berhanu Tsegaye.
The service station is a part of NoC Ethiopia’s expanding investments in neighboring countries.
NOC Ethiopia Plc became the first indigenous major oil marketer of petroleum products when it was established in the year 2004 with an initial investment of 100 million Birr. It operates a nationwide retail service station network offering different services to motorists and non-motorists.
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