Adnoc Distribution weighs USD 1 bn Egypt expansion, 400 new stations

UAE’s Adnoc Distribution is weighing a roughly USD 1 bn investment to add 400 service stations to its current 245 in Egypt — a more than 2.5x expansion from the network it built through its 2023 acquisition of a 50% stake in TotalEnergies Marketing Egypt. The buildout is split into two phases of around 200 each, with automotive and engine lubricants also part of the plan, Asharq Business reports, citing an unnamed Egyptian government official.

The mechanics: Adnoc is weighing three approaches for the new stations — building independently in Egypt for the first time, developing or upgrading sites with EGPC, or leasing. Adnoc’s Egypt portfolio currently includes about 140 convenience stores, roughly 230 lube-changing points, around 130 car-wash locations, and local motor-oil manufacturing.

Why it matters: State-owned players dominate Egypt’s fuel retail market. Misr Petroleum alone operates 873 gas stations, around 38% of the total market, according to its own website, while military-affiliated Wataniya holds another 294 stations (about 7%). If the 400-station plan goes through, Adnoc would push its network to around 645 stations — likely the largest private fuel retail presence in the country, moving well ahead of other foreign operators like OLA Energy, Petromin, and ExxonMobil. The expansion would also fuel Adnoc’s non-fuel retail push: in May, it signed a partnership with Americana Restaurants to roll out up to 200 quick-service restaurant outlets across its stations in Egypt, KSA, and the UAE.

On the aviation side, the company is preparing to begin aircraft refueling at Sphinx Airport in October and at Hurghada by year-end. That’s backed by a USD 50 mn push under an agreement with the Egyptian General Petroleum Corporation. Adnoc Distribution will use state-owned infrastructure at both sites. Egypt already accounts for around 36% of Adnoc Distribution’s aviation-fuel sales volumes group-wide — 129 mn liters of 357 mn liters in 1H 2026, according to the company’s 1H financial release (pdf). Aviation generates more than 60% of its Egypt-based EBITDA, per the company’s 2025 management results discussion and analysis report.

IN CONTEXT- Adnoc had been discussing an entry into aircraft refueling with the Oil Ministry, CEO Bader Al Lamki told us in early 2024. By February 2025, the company was looking to expand beyond Cairo and Marsa Alam airports, including into Alamein. The company also started local motor-oil manufacturing in late 2024 and laid out plans with TotalEnergies in May 2025 for marine motor-oil production capacity of about 90k tons a year.