Indigenous oil company Leone Oil (Leonco) has on Thursday 8th April taken over the Shell petrol station at Kissy, where transports park, and now calls it Leonco Park.
Director of the board, Mr Sidi Bakarr, said Leonco was started some 30 years ago by Sierra Leoneans in a small office, who were bent on starting an oil company that will stand the test of time.
“Today we are celebrating a company that we built from scratch, and is now one of the best three oil companies in the country. Leonco has just built a state of the art terminal; and now we are opening a petrol station that can be compared with any station around the world.”
He commended the petroleum partners that have been helping Leonco to succeed, as they are celebrating hard work, forward thinking mentality and dedication.
Leone Oil Company (LEONCO) not only stands as a shining, towering example of brilliant Sierra Leonean entrepreneurship, but is also a testimony that given the enabling climate, Sierra Leonean owned companies can excel.
Mr Bakarr said under the astute leadership of Ibrahim Durosimi Cole, Leonco has in the past three years opened several state-of-the-art fuel stations across the capital city, including the one at Kissy Park. Minister of Trade and Industry, Dr Edward Hinga Sandy commended the strides made by Leonco and said the government is committed to support all indigenous businesses to succeed.
He said Leonco as a small company continues to grow due to a quality management team, saying he would not regret the trust he has for them, as they will continue to expand the business across the country. He said his ministry is proud of Leonco for being a 100% indigenous oil company, pledging to do everything possible to promote and protect their business.
He revealed that government is desirous of seeing an economy largely controlled by Sierra Leoneans and that it is his ministry’s responsibility to promote and protect businesses owned by Sierra Leoneans. He added that the ministry would unconditionally help the company make its mark in the country. The Minister expressed satisfaction that the Leonco filling station is of international standard having all the safety measures in place, and urged them to work within the laws of the land.
Managing Director, Ibrahim Durosimi Cole of Leone Oil Company, giving the vote of thanks, revealed that they are ready to diligently serve the people of Sierra Leone by offering qualitative services.
He applauded shareholders for their determination as well as the management and said he couldn’t describe what the minister has done for them.
Mr Ibrahim Cole praised government’s support in facilitating and supporting the Local Content Policy, and also enjoined that efforts must be made to deepen it for the continued implementation of policies to promote local oil businesses like Leone Oil. He thanked the Minister of Trade and Industry for his constant engagement in the drive to support not only Leone Oil Company but the entire oil marketing industry in Sierra Leone.
The Chairman of Leonco Dealers said they are happy that more quality and modern stations are being built around the country, and hope that they will continue to be a strong middleman between the company and the consumers.
He said they are very happy to be part of Leonco, because it is 100 per cent owned by Sierra Leoneans, and because there will be no fuel shortage at any time.
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