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Striving to open eight other stations in regional states
TAF Oil Plc opened its first fuel station in Addis Ababa, in the Mekanissa area with an inauguration ceremony it held on Saturday, March 9. TAF plans to open eight other fuel stations in Tigray, Amhara, Oromia and Gambella Regional states.
Established in 2008 by three investors including Tensay Aklilu, Frezer Mekonnen, and Elias Aklilu with 56.3 million birr authorized capital, TAF Oil commenced operations in January 2011 in Gelan, Oromia Special zone. In just a year and nine months of operation, it has increased the number of its fuel stations to 17, all located in different regional states – the latest in Addis Ababa being the 18th.
The company targets areas where there is an acute lack of fuel delivery. “That’s why we started operating in regional states first,” Alemayehu Tsegaye, General Manager of TAF Oil, told Capital. The manager said at the inauguration ceremony that TAF has finalized preparations to open eight other fuel stations in Moyale, Dila, Bale Robe, Temben, Woreta, Bako, Jimma and Gambela, to increase its total number of fuel stations to 26. The manager also promised that TAF, in collaboration with dealers, will continue opening other stations in the city in areas where there’s lack of fuel delivery, if it receives the support it requires from the Addis Ababa City Administration.
Alemayehu said the construction of this station cost the company more than 26 million birr and has created more than 100 job opportunities with the multiple services the fuel station provides including, a supermarket, cafeteria, car wash, and tyre services.
According to Alemayehu, the latest fuel station is very distinct and unique in design because of its suspended canopy.
TAF has also invested about 1.2 million birr for the construction and development of a Square located in front of its new fuel station. The square was inaugurated during the same event.
The manager expects that the station, which has nine fuel pumps and can fill up 16 vehicles at a time, will adequately serve trucks as it is spacious and is constructed along the ring road. The station has six containers, each capable of storing 50,000 litre of fuel.
TAF fuels the transport vehicles of Anbessa City Bus Services Enterprise, the largest and the cheapest transportation provider in the city.