Message from the Founders
Ethiopia is currently on the edge of rapid economic
development with consistent double-digit growth over the last
successive years. The trend in sustainability of economic growth is
being witnessed in all the critical areas of consumption indicators
such as power, energy, cement etc. The consumption of petroleum
products such as petrol, diesel and kerosene has been significantly
growing with an increase of 10% in consumption on year-to-year basis.
Consumption of lubricants and lubrication oil has also shown a
double-digit growth over the last three years. In addition, the fact
that petroleum is a necessity product and its demand is inelastic
makes the growth sustainable even in times of any economic slowdowns.
For long, few multinational Oil Companies with little competition to
satisfy the increasing demand had dominated the petroleum industry.
Despite persistent and increasing growth in the demand for petroleum
products, the network expansion and supply by existing Oil Companies
is slow moving. Recent trends in the exit of multinational oil
companies is further weakening the strength of the Oil Industry to
service the growing demand of the nation for petroleum products.
Dalol Oil S.C. is a company founded by Ethiopians with a wealth of
local and international experience in the Oil Industry and with a
determination to shape and strengthen the future of Ethiopian born
prosperity. Dalol Oil S.C. aims to play a significant role in
satisfying the nation’s growing petroleum products and services demand
whilst giving investors a stable and attractive rate of return on
We hereby extend our invitation to you, our fellow citizens
and foreign investors, to subscribe for shares and be part of our
grand vision to form Ethiopian born Oil Company that will create a
substantial employment opportunity for Ethiopians and leave a legacy
and lifetime profitability for you and your generations to come.