Minister of Petroleum and Mineral Resources Tarek El Molla has met with Bader Al Lamki, CEO of the UAE’s ADNOC Distribution Company, and his accompanying delegation.

El Molla stated that ADNOC’s presence in the Egyptian petroleum products market and its expansion therein is an important addition, especially since the Ministry is working to increase private sector investments in this large and vital market.

This comes as the market is witnessing continuous growth and development and attracting companies with a global and regional reputation and financial solvency that enables them to provide distinguished and competitive services, which is reflected in improving the performance of operating marketing companies and providing better services to the Egyptian consumer.

Al Lamki explained that the company’s expansion plans in Egypt are continuing, with the current number of stations in Egypt standing at 10. The company plans to increase this number by 6 stations annually over the coming period, in light of its long-term vision and belief in the viability of investing in Egypt’s large petroleum products market, which is witnessing expansions, opportunities, and growth. He pointed out that the company had been a pioneer in this regard through its acquisition of a 50% stake in TotalEnergies Egypt’s stations. He also noted that the company is expanding in the fields of ship and aircraft refueling, providing related technical and logistical services, and continuing its operations in the automotive lubricants industry, constantly working to introduce the latest technologies and methods in mixing and filling operations, ensuring the highest standards of quality and performance, and providing guaranteed and reliable quality products that meet the growing needs for these products in various consumer sectors.