Adnoc takes over 34 Emarat stations in N Emirates

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

The company has already taken over six Emarat service stations. Work on one remaining service station is due for completion at the end of this month.

The acquisitions are in line with an agreement that Adnoc Distribution signed with Emarat in September 2013 for the take-over of 75 service stations within 24 months from signing the agreement.

Khalid Hadi, Vice-President of Marketing and Corporate Communications 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. The take-over of Al Aabar service station is planned for August 28. 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."

As per its agreement with Emarat, Adnoc Distribution will complete the acquisition of 10 additional service stations during September. These include 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 Fujairah.

Hadi added: "We thank Emarat and our teams at Adnoc Distribution for facilitating a smooth take over and ensuring that customers are not inconvenienced during the changeover. We also thank our CEO Abdulla Salem Al Dhaheri for his consistent support and commitment to leveraging our network of service stations, developing our retail offerings and meeting diverse customer needs across the UAE."

The acquisition agreement signed with Emirates General Petroleum Corporation (Emarat) mandates Adnoc Distribution to acquire 75 service stations in Sharjah, Ajman, Umm Al Quwaim, Ras Al Khaimah and Fujairah, as well as a fuel depot at Port Khalid in Sharjah. These stations are geographically 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.
 

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