TAF OIL PLC

TAF Oil PLC is the third Ethiopian Private Limited Company, licensed by the Ministry of Trade and Industry of the Government of Ethiopia on March 29, 2010 and entered into petroleum and petroleum products business in the month of February 2011. The company is resuming operation in a very appropriate time in contributing its part in the country’s economic development by being particularly during government initiative in Growth and Transformational Plan [GTP]. Based on the fact that assigning young and well-versed professionals is crucial to the business, each department of TAF OIL PLC is equipped with professionals from various corners with diversified experience and educational background to be competent enough in the market. As an initial stage the company started operation with four stations- two around Addis Ababa, and two outside Addis Ababa with the depot. For the first start, the company started operation with fuel [MGR, Kerosene, and ADO], and lubricants [Engine and Industrial],asphalt [Bitumen] and soon it will introduce LPG, Light Fuel Oil [LFO], Heavy Fuel Oil [HFO], Jet Fuel and related products on phase by phase basis. The main product and services, which the company is marketing are: MGR (Motor Gas Regular) Kerosene Automotive Diesel Oil (ADO) Light Fuel Oil (LFO) Heavy Fuel Oil Jet Fuel (Aviation Fuel) Bitumen (Asphalt) Light Petroleum Gas (LPG) Engine oils Industrial Oils Specialties [ATF, HBF, etc] Services Shop Car Wash Tier & spare parts sales, Cafeteria, Super markets etc Vision “To be the best oil company in the country in the eyes of our customers, shareholders, communities and people. We expect and demand the best we have to offer by always keeping TAF’s values top of mind” Mission “The mission of the company is to supply and distribute petroleum products in the downstream oil and gas markets.” Values Loyalty and reliability Customer focused Innovative culture Sense of ownership and cost effectiveness Growing with employees Corporate social responsibility Care for the environment Compliance with Code of conduct Loyalty and reliability Customer focused Innovative culture Sense of ownership and cost effectiveness Growing with employees Corporate social responsibility Care for the environment Compliance with Code of conduct Objectives The principal objectives of the company are to: Provide product distribution services to our esteemed customers that are to the standards attained by well-rated companies to the downstream oil and gas market Be committed to do business responsibly and conducting ourselves in ways that we earn the trust and respect from our stakeholders Support the development and growth of the national economy through the establishment of efficient and responsible distribution network of petroleum products and providing job opportunity Generate a return on investment that will allow a reasonable dividend to the shareholders as well as ensure continual growth of the company.…