Rubis takes over Total's business in Djibouti

French-based energy company Rubis has won the invitation to tender for taking over the assets and the Total branded business base in Djibouti.

Through this acquisition Rubis takes control of the leading fuel distributor in the West African country, present in all market segments: gas stations, commercial, aviation, marine and lubricants, representing a yearly volume exceeding 100,000 cbm.

Djibouti, strategically positioned at the entry to the Red Sea in the Horn of Africa, has a natural advantage of being the main, if not the only, sea access to strong growing Ethiopia, according to Rubis.

This key geographical position could open future development perspectives to Rubis in bulk liquid storage for imports to and exports from Ethiopia, as well as fuel distribution. It also borders with Eritrea on the North and Somalia on the South.

Rubis has been jumping in and out of markets and countries for a number of years. In addition to Djibouti, it has acquired new business in Switzerland, Portugal, and Jamaica, as well as in other parts of the Caribbean and West Africa. The Rubis Group reported a 2.8 billion Euro (USD 3.1 billion) turn over in 2014.