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ADNOC UAE & KSA Fuel Retail Network Expansion

ADNOC UAE & KSA Fuel Retail Network Expansion

ADNOC proposes to open at least 13 new fuel service stations in 2018 including, for the first time, sites in Dubai and the Kingdom of Saudi Arabia.

Three new fuel service stations will be opened across the Emirate of Dubai. One fuel service station is planned to be opened in the Kingdom of Saudi Arabia (KSA), under a franchise agreement and major extensions will be completed at three existing stations in Abu Dhabi in 2018.

ADNOC Distribution’s Acting CEO, Saeed Mubarak Al Rashdi, said “Improving service, choice and convenience for our customers is our top priority for 2018, as we transform ADNOC Distribution into a more commercially minded and performance-driven company. This year we will deliver new fuel service stations quicker and at a lower cost while enhancing our customers’ experience and maintaining our 100% focus on health and safety.”

In 2018, capital expenditure (CAPEX) on a per site basis has been reduced, and on some future stations has been cut by as much as 40%, through a rigorous approach to value engineering while maintaining our focus on health and safety.

“Our station plans for 2018 are good for customers and shareholders. Our customers will gain greater choice and convenience, including in Dubai for the first time. For shareholders, we are on track with commitments we made about station openings and CAPEX in the lead up to ADNOC Distribution’s successful IPO last month. As we deliver on our growth and expansion plans, we remain committed to maximizing in-country value through the use of local suppliers, goods and services.” said ADNOC Distribution’s Deputy CEO, John Carey. PWKD26012018

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