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Heavy Oil Distribution Company (HodICo) is a Lebanese enterprise specializing in the importation, exportation, and distribution of petroleum products. The company provides diverse energy solutions, including gasoil, bitumen, fuel oil, LPG/propane, and gasoline. It leverages robust infrastructure to operate retail petrol stations, offering bunkering and car care services to its clientele.
Founded in 2001, HodICo was established by Ali Nayef Zgheib and Boutros Georges Obeid. The company formed through the strategic amalgamation of substantial regional and local market expertise, intending to expand its operational scope and presence within the petroleum sector. This foundational insight centered on combining decades of collective industry experience.
HodICo serves a broad client base demanding consistent, high-quality energy supply, from industrial entities to individual consumers. It maintains a leading market position in Lebanon, with operations extending across strategic regional markets in the MENA region, parts of Africa, and Europe. HodICo’s vision is to be a principal force in the petroleum industry, delivering innovative, reliable, and environmentally responsible energy solutions.
HodICo has 1 tracked investment across 1 company. The latest tracked deal is $3.0M Series B in LandVault in March 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 1, 2023 | LandVault | $3.0M Series B | — | Penny JAR Capital, Mark Cuban, Gemini, Kingsway Capital, Sebastien Borget |