ADNOC says takeover of 34 Emarat fuel stations completed

Acquisitions in line with 2013 agreement to take over running of 75 service stations in the northern Emirates
ADNOC says takeover of 34 Emarat fuel stations completed
By Andy Sambidge
Wed 27 Aug 2014 04:55 PM

ADNOC Distribution has announced that it has completed the acquisition of 34 Emarat service stations and a fuel depot at Port Khaled in Sharjah.

ADNOC Distribution said in a statement that it has achieved the successful takeover of seven Emarat service stations this month.

The acquisitions are in line with an agreement that ADNOC Distribution signed with Emarat in September 2013 towards the takeover of 75 service stations within a period of 24 months from signing the agreement.

The stations are located as follows: 31 in Sharjah, 16 in Ras Al Khaimah, 12 in Fujairah, 10 in Ajman, and six stations in the emirate of Umm Al Quwain.

Khalid Hadi, vice-president of Marketing and Corporate Communications Division at ADNOC Distribution, said: "This month alone, we have completed the acquisition of Jameat, Burhan and Al Sharjah service stations in the emirate of Sharjah, Dhait and Adhen in Ras Al Khaimah, and Al Fahad in Ajman.

"We have already completed rebranding works at the Al Madar, Al Madina and Al Dorra service stations. Work is also progressing in the Al Khalidia, Al Yarmouk, Al Kharran, Al Abraq, Essa, Majid, Maisaloon, Musalla and Al Maha service stations. This will be followed by the commencement of refurbishment work at the remaining stations under the acquisition agreement."

ADNOC Distribution said it will complete the acquisition of 10 additional service stations during September including Anwar in Sharjah, Huwailat, Shaam, Shamil RAK and Gasoil in the emirate of Ras Al Khaimah, as well as Manama and Shamil Ajman in Ajman, and Akamiya Tawiyan and Khabbah in the emirate of Fujairah.

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