Adnoc distribution marks year of expansion, growth in 2023

Adnoc distribution marks year of expansion, growth in 2023

ABU DHABI / WAM Adnoc Distribution on Wednesday announced early operational results from 2023, with full financial results to be shared in February 2024. The company delivered continued fuel and retail growth, set new benchmarks in domestic and international expansion and achieved notable milestones in sustainability. Adnoc Distribution continued to expand its network in 2023, ...

ABU DHABI / WAM

Adnoc Distribution on Wednesday announced early operational results from 2023, with full financial results to be shared in February 2024. The company delivered continued fuel and retail growth, set new benchmarks in domestic and international expansion and achieved notable milestones in sustainability.

Adnoc Distribution continued to expand its network in 2023, surpassing its annual target of 25-35 new stations by opening 41 service stations across the UAE, KSA and Egypt. This brought the company’s total network of service stations to 840 by year-end, including 597 in the UAE and KSA.

The company’s international footprint was boosted by its acquisition of a 50% stake in TotalEnergies Marketing Egypt, a diversified business with over 240 retail fuel stations, convenience stores, aviation and lubricant businesses.

In the second half of 2023, the first nine Adnoc-branded service stations were launched in strategic locations across Egypt to offer a full