Ethiopia’s overseas investment NOC Djibouti unveils a 200mln DJF service station

Addis Ababa, December 21, 2022 (FBC) – Ethiopia’s overseas investment NOC Djibouti has unveiled a modern service station worth over 200 million DJF in Djibouti.

The service station, which is equipped with a cutting-edge and efficient distribution system that complies with the latest international standards in terms of safety and environmental protection, was inaugurated in a ceremony attended by the Minister of Energy in charge of Natural Resources of Djibouti, Yonis Ali Guedi, NOC Djibouti Country Chairman, Fassil Woldemariam, representatives of the Ethiopian Embassy in Djibouti and other notable guests.

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, Ethiopia’s Ambassador Berhanu Tsegaye said.

During the occasion, NOC Djibouti Country Chairman, Fassil Woldemariam expressed appreciation to the Ethiopian Ambassador in Djibouti, Ambassador Berhanu Tsegaye, for the cooperation and efforts extended to fostering a favorable investment environment for Ethiopian companies and businesses in Djibouti.

It was also stated that NOC Djibouti has taken a significant step forward by signing, after several attempts, a lease-management contract for the Lagarde station with the attentive support of Yonis Ali Guedi, Minister of Energy in charge of natural resources, and Ambassador Berhanu Tsegaye.

It is to be recalled as part of expanding investments in neighboring countries, Ethiopian-owned NOC Djibouti inked a USD 1.3 million deal with China Construction (CC) a year ago to refurbish and modernize a service station in Djibouti.