Yetebaberut Beherawi Petroleum S.C

Yetebaberut Beherawi Petroleum S.C (YBP) was established in May 2004 by 21 founding shareholders with subscribed capital of birr 21 million. At present its paid up capital is Birr 400,000,000 million. YBP is owned by Ethiopian Nationals, thus the equity capital is 100% local. The major factors that motivated the establishment of the company are opportunities created for new entrants into the sub-sector of petroleum products distribution in the country. The major opportunities for engaging in the business of petroleum distribution are: The Countrys anticipated economic growth with the corresponding ever increasing consumption of fuels and lubricants; The governments support for the establishment of local oil companies; and The emerging favorable pre-conditions set up by the government to support the supply-demand chain in the energy sector In establishing the company, the owners have committed themselves to strengthen the managerial and technical capability of the company by...