Page 8 - DMEA Week 08 2023
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DMEA COMPANIES DMEA
ADNOC Distribution
completes acquisition of
50% stake in TotalEnergies
UAE ADNOC Distribution has completed the acqui- digitally-enabled ADNOC service station offer-
sition of a 50% stake in TotalEnergies Marketing ing to customers in Egypt, ADNOC Distribution
Egypt from TotalEnergies Marketing Afrique, also plans to bring its signature Oasis conveni-
marking the official entry of the UAE’s largest ence store chain to the market.
fuel and retail distributor into the fast growing ADNOC Distribution’s expansion into Egypt
Egyptian market. is the latest achievement along its international
TotalEnergies Marketing Egypt is among growth journey.
the leading fuel retail operators in Egypt. With The company opened its first service station
a strong brand and a successful track record, it outside the UAE in 2018 by expanding into
has a diversified downstream portfolio of 240 Saudi Arabia, where it currently operates 66
fuel retail stations, 100+ convenience stores, sites, Additionally, ADNOC Voyager continues
250+ lube changing stations and car washes, as to grow the company’s international footprint,
well as wholesale fuel, aviation fuel, and lubri- with 25 countries where its lubricant products
cant operations. In addition to introducing the are marketed.
P8 www. NEWSBASE .com Week 08 23•February•2023
