March 29, 2020 | statement from Office of the Prime Minister Ethiopia
Gomeju Oil Ethiopia has partnered with the global lubricant producer, Petronas Lubricants, to build a lubricant blending facility in Addis Ababa. Tewodros said his company has secured a 40,000sqm plot of land in Tulu Dimtu locality to be used for the construction of the lubricant blending factory.
“We are now clearing the plot,” Tewodros said. The total cost of the lubricant blending facility is estimated at 700 million birr. “We decided to venture into this investment project to alleviate the shortage of lubricants in the local market. Accessing foreign currency for lubricants imports is also a challenge,” he said.
The lubricants will be used for vehicles, agricultural and construction machineries. Gomeju Oil Ethiopia is the sole distributer of Petronas Lubricants products. The Italy-based motor oil and grease producer, Petronas Lubricants, signed an exclusive dealership agreement with Gomeju Oil Ethiopia in May 2018.
- Ethiopian News