Adnoc takes over Emarat’s 75 stations

Abu Dhabi National Oil Company for Distribution (Adnoc Distribution) and Emirates General Petroleum Corporation (Emarat) signed an agreement to acquire 75 service stations and Sharjah Terminal (Port Khalid) in the Northern Emirates following the MoU signed earlier.

The acquisition agreement was signed by Abdullah Salem Al Dhaheri, CEO of Adnoc Distribution, and Adel Khalifa Al Shaer, Acting General Manager of Emarat, in the presence of Mohammad Obaid Al Dhaheri – Senior Vice President for Retail Group at Adnoc Distribution, Dr. Mohammad Abdullah Al Mansoori – Technical Advisor for Retail Group at Adnoc Distribution, Khalid Mohammad Hadi – Vice President Marketing & Corporate Communications Division at Adnoc Distribution, Dr. Rahma Al Shamsi - Retail Sales Manager at Emarat, Hassan A Arab - Finance and Accounts Manager at Emart and other dignitaries from both parties.

The agreement was signed to implement acquisition phases and transfer service stations and Sharjah Terminal to Adnoc Distribution and speed the operational process of achieving the common interests, based on the initial stages of the project.

The collaboration efforts between the parties will enable the gradual transfer of the 75 service stations and Sharjah Terminal to Adnoc Distribution network in the whole of the UAE during the next two years according to the plan.

Since the beginning of 2013, Adnoc Distribution started providing all the Emarat service stations with petroleum products, supplied through Sharjah Terminal, in order to fulfill the needs of the service stations and to ensure the operations continuity.

“Emarat”s role is to distribute the petroleum products to the all service stations and provide the essential operational services (until taking over of the Sharjah Terminal).

Abdulla Al Dhaheri said: “Following to the MoU, we are moving ahead to cooperate and coordinate for transferring the 75 service stations as follows: 31 in Sharjah, 16 in Ras al Khaimah, 12 in Fujairah, 10 in Ajman, 6 in Um Al Quiwain, including the Sharjah Terminal of petroleum products in Sharjah Port Khalid, in line with Adnoc Distribution Service Stations network”.

Re-branding the service station

In regard to re-branding the service stations, Adnoc Distribution CEO said that after signing the agreement, Adnoc Distribution plans to start implementing the changes immediately to the interior and exterior of the service stations.

The first phase of the re -branding will commence with two pilot service stations at Al Madar Service Station in Sharjah and Al Nadya Service Station in Ras Al Khaimah by placing Adnoc logo and adding the distinguished design of Adnoc service stations, which are expected to be completed within this year.

Furthermore, the re-branding of the other service stations is expected to span within 24 months or to a maximum of 5 years until completion after acquiring the service stations as agreed.

Workforce

The CEO also highlighted that the success of Adnoc Distribution’s expansion plans based on the efficiency of manpower.

He said: “We strongly believe that investing and developing the manpower in line with business requirements and customer expectations, which will further foster the achievement of our goals. In addition, the company will endeavor to accommodate employees to join our workforce, which will entitle them to the functional privileges in accordance with the provisions of the labour force”.

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