Minister of Petroleum and Mineral Resources Tarek El Molla accompanied by Khaled Abdel Aal, Governor of Cairo, and Ambassador Mariam Al Kaabi, UAE Ambassador to Cairo, inaugurated the first car service and fueling stations for the Emirati company ADNOC in Egypt, which is located in the Degla area in the Maadi district.
The new station represents the first investment of ADNOC in Egypt in the field of marketing and distributing petroleum products in the local market through its new partnership with the French company TotalEnergies.
According to the partnership, ADNOC began pumping new investments into Egypt to operate stations bearing its brand successively during the coming period and launching various activities and operations in the field of marketing and fuel distribution.
In his speech, El Molla highlighted the importance of the entry of a large company and an important brand, such as the Emirati company ADNOC, to invest in the Egyptian market, expressing his welcome to the Emirati company and its keenness to be present and invest in Egypt.
El Molla added that the large UAE investments in the Egyptian market are a reflection of the extended relations, the strength of the ties between the two countries, and the friendly relations between Egyptian President Abdel Fattah El-Sisi, and Sheikh Mohammed bin Zayed, President of the UAE.
Al Kaabi said that the entry of ADNOC into the fuel marketing activity in Egypt is a new addition to the strategic partnership and constructive cooperation between the UAE and Egypt.
She stated that the number of Emirati companies operating in Egypt reaches 1,730 companies in various economic fields, led by the oil and gas sector, in order to achieve sustainable development and benefit the two countries. She stressed that this event today represents a new building block in the edifice of economic relations with Egypt.
Bader Al Lamki, ADNOC Distribution’s CEO, expressed his happiness at the opening of the first car fuel service station in Egypt bearing the ADNOC brand, which represents a successful partnership with TotalEnergies after ADNOC acquired 50% of TotalEnergies’ stake in Egypt.
Al Lamki stated that three stations have already been operated, and preparations are underway to operate 6 more stations during the coming period in strategic places in Egypt.
Meanwhile, Thomas Strauss, Managing Director of TotalEnergies in Egypt, expressed his pleasure to be present at these important moments in which we announce the launch of the first fuel distribution station bearing the ADNOC brand, which comes through the launch of an important partnership between Total Energies and ADNOC.
Strauss noted that the partnership is based on the accumulated experience that both parties have in the field of marketing and distribution of fuel, the expertise of both sides will be investing in working to provide the best services with international standards and high-quality petroleum products to meet the needs of customers in the local market, and as we look forward to achieving a more prosperous future in Egypt through our partnership with ADNOC.