Egypt PM, Japan's JBIC head explore deeper cooperation    Egyptian pound wavers vs. USD in early trade    SCZONE showcases investment opportunities to eight Japanese companies    Egypt urges Israel to accept Gaza deal amid intensifying fighting    Egypt, ADIB explore strategic partnership in digital healthcare, investment    Egypt's PM meets Tokyo governor, witnesses signing of education agreements    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Egypt's Sisi, France's Macron discuss Gaza ceasefire efforts in phone call    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



ADNOC eyes expansion into Egypt's EV charging, fuel market
Published in Daily News Egypt on 25 - 02 - 2025

ADNOC Distribution, the UAE-based fuel and retail company, explores entry into Egypt's electric vehicle (EV) charging market and is in the process of securing the necessary licences, according to CEO Bader Al Lamki.
As part of its expansion strategy, the company plans to open its first integrated service station in New Cairo, which will be its largest in Egypt. Additionally, ADNOC Distribution is assessing opportunities to establish new fuel stations in the New Administrative Capital and the North Coast, Al Lamki stated.
Expanding beyond traditional fuel distribution, ADNOC Distribution is also looking to grow its aviation fuel supply operations in Egypt, where it currently operates at Cairo and Marsa Alam airports.
Investment and Growth Plans
Al Lamki highlighted the company's commitment to investing between $250m and $300m across various markets this year, with a goal of establishing 40 to 50 new service stations. ADNOC Distribution began manufacturing lubricants in Egypt at the end of 2024 and aims to further expand into African markets in the near future.
The company is also ramping up its EV charging network, increasing from approximately 100 charging points in the UAE last year. Over the next four years, ADNOC Distribution has allocated around $1 billion for investments in Egypt, Saudi Arabia, and the UAE, with an annual budget of $250m. This includes the establishment of 40 to 50 fuel stations across the three countries this year.
Currently, ADNOC Distribution operates fewer than 900 fuel stations across Egypt, the UAE, and Saudi Arabia. However, the company plans to increase this number to 1,000 by 2028 while adding over 500 EV charging points.
Strengthening Presence in Egypt
ADNOC Distribution entered the Egyptian market two years ago by acquiring a 50% stake in TotalEnergies Marketing Egypt. This joint venture manages more than 240 fuel stations across the country and operates in wholesale fuel sales, aviation fuel, and lubricant blending.
The company recently announced plans to open its first ADNOC-branded service station in Egypt this year, located in New Cairo. The station will offer fuel supply, retail services, and car care, along with an expanded ADNOC Oasis convenience store. It will be the largest service station in terms of offerings compared to the existing 11 ADNOC Distribution stations in Egypt.
Al Lamki emphasized that TotalEnergies Marketing Egypt has started blending ADNOC Voyager lubricants locally for both domestic distribution and export, reinforcing Egypt's role as a regional manufacturing hub. ADNOC Distribution began lubricant production in Egypt in late 2024 through two new production lines at its joint venture plant with Total. The company aims to meet local demand and commence exports after 2025, prioritizing neighbouring markets.
Future Expansion Strategy
Looking ahead, ADNOC Distribution is exploring expansion opportunities in several African and East Asian countries. While Al Lamki did not specify particular nations, he underscored the company's substantial investment capacity, stating that ADNOC Distribution is prepared to pursue acquisitions where viable opportunities exist.
Additionally, the company is aggressively growing its EV charging infrastructure in the UAE, with plans to add 100 new fast-charging points this year.
With a strong commitment to expansion, ADNOC Distribution is positioning itself as a key player in Egypt's fuel and EV charging markets while leveraging the country as a hub for lubricant manufacturing and exports.


Clic here to read the story from its source.