ADNOC exceeds 2023 growth projections
Published on: Feb 1, 2024
The company opened 41 new service stations last year, surpassing its original plan to expand through 25-35 new locations.
ADNOC Distribution announced early operational results from 2023, delivering continued fuel and retail growth.
The company continued to expand its network in 2023, surpassing its annual target of 25-35 new stations by opening 41 service stations across the United Arab Emirates (UAE), Kingdom of Saudi Arabia (KSA) and Egypt. This brought ADNOC’s total fuel retail network to 840 by year-end, including 597 in the UAE and KSA.
Its international footprint was boosted by the acquisition of a 50% stake in TotalEnergies Marketing Egypt, which operated over 240 retail fuel stations, convenience stores, aviation and lubricant businesses. In the second half of 2023, the first nine branded service stations were launched in strategic locations across Egypt.
“We look forward to deliver continued growth for the business, our shareholders, customers and partners in 2024. We will leverage our global footprint, cutting-edge technology and a customer-centric approach to fuel the next phase of our success,” said Bader Saeed Al Lamki, CEO of ADNOC Distribution.
Building on the successes of 2023, ADNOC will focus on key strategic priorities in 2024, that include achieving profitable growth, seamlessly integrating sustainability into its operations and fostering a culture of customer experience excellence.
