UAE's ADNOC starts official operations in Egypt: Petroleum Ministry

The station is located in Degla in the district of Maadi in Cairo.

According to the statement, the EGP 50-million new fuel retail station provides the public with 92 and 95 gasoline and diesel.

The newly established station offers services to consumers of all fuel types, whether gasoline, diesel, or gas.  

The station can also supply 1,200 vehicles per day with natural gas.

Three ADNOC branded service stations have already been opened in Maadi and the Ring Road in Cairo over the past two months, with preparations already underway to launch another six during 2023, said Bader Al-Lamki, CEO of ADNOC Distribution.

Egypt's fuel retail market holds great promise with exciting potential for future growth, Al-Lamki said, adding that ADNOC looks forward to bringing more innovative and digitally-backed services to the Egyptian market.

Furthermore, Al-Lakmi noted that the successful partnership with TotalEnergies Egypt encourages ADNOC to pump new investments into the Egyptian market.

In July 2022, the Emirati company signed a $ 186 million deal to acquire an over 50 percent stake in TotalEnergies Egypt, with an additional earn-out of $ 17.3 million.

ADNOC's joint investment in Egypt includes operating over 240 fuel retail stations nationwide, 100 convenience stores, 250 lube changing stations, car washes, lubricants, wholesale, and aviation fuel.