{"id":622379,"date":"2024-06-05T00:00:00","date_gmt":"2024-06-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/05\/adnoc-distribution-to-manufacture-motor-oil-in-egypt-before-the-end-of-2024\/"},"modified":"2024-06-05T00:00:00","modified_gmt":"2024-06-05T00:00:00","slug":"adnoc-distribution-to-manufacture-motor-oil-in-egypt-before-the-end-of-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/05\/adnoc-distribution-to-manufacture-motor-oil-in-egypt-before-the-end-of-2024\/","title":{"rendered":"Adnoc Distribution to manufacture motor oil in Egypt before the end of 2024"},"content":{"rendered":"

Adnoc Distribution to manufacture motor oil in Egypt:<\/strong> Adnoc Distribution, the distribution arm of UAE\u2019s state oil company Abu Dhabi National Oil Company, is set to begin manufacturing motor oil in Egypt before the end of 2024, the company\u2019s CEO Bader Al Lamki told Asharq Business<\/a>.<\/p>\n

The fuel retailer has big plans for Egypt: <\/strong>Further expansion and acquisitions in Egypt are also in the cards, with Al Lamki telling the outlet that the company is planning to add 15-20 gas stations in Egypt, Saudi Arabia, and the UAE over the next six months. Adnoc Distribution has earmarked USD 200-300 mn every year for the next five years to fuel the expansion of its operations.<\/p>\n

But it looks like these plans won\u2019t include Wataniya: <\/strong>Adnoc had been rumored<\/a> to have lodged a bid for the military-owned filling station operator Wataniya, but unconfirmed media reports in February claimed<\/a> that the Emirati oil giant had withdrawn its bid.<\/p>\n

EV charging services are also in the works: <\/strong>The company is also looking into obtaining a license to set up EV charging stations in Egypt, Al Lamki added. The head of the company also told us<\/a> in February that Adnoc was looking into starting aircraft refueling in Egypt and had been discussing the idea with the Oil Ministry.<\/p>\n

Remember:<\/strong> Adnoc Distribution has only been in the Egyptian market for over a year now, following its USD 186 mn acquisition<\/a> of a 50% stake in TotalEnergies\u2019 Egyptian fuel distribution arm in early 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company is also looking into obtaining a license to establish charging stations for EVs<\/p>\n","protected":false},"author":1,"featured_media":622380,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[1703,93,72,356],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-adnoc","tag-energy","tag-enterpriseam","tag-evs","wpautop","entry"],"acf":{"mongo_id":"ea84b82d-e9ea-43bb-a5a3-72d953bf6eb3","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/402.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Adnoc Distribution to manufacture motor oil in Egypt before the end of 2024","related_issue":[622362],"teaser":"The company is also looking into obtaining a license to establish charging stations for EVs","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.778944e2-f7aa-40e9-8ce8-69db10e4b29a.mp3"},"yoast_head":"\nAdnoc Distribution to manufacture motor oil in Egypt before the end of 2024 - 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Like us, both the news cycle and the weather seem to be winding down in anticipation.THE BIG STORY TODAY- Adnoc Distribution is planning to produce marine motor oil in Egypt in partnership with TotalEnergies by 4Q this year, lubricants, base oils, and\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1988.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":637632,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/21\/adnoc-to-ipo-as-much-as-20-of-fuel-distribution-unit-in-december\/","url_meta":{"origin":622379,"position":2},"title":"ADNOC to IPO as much as 20% of fuel distribution unit in December","author":"enterpriseam admin","date":"21 November 2017","format":false,"excerpt":"IPO WATCH- Abu Dhabi National Oil Company (ADNOC) plans to IPO as much as 20% of its fuel-distribution unit ADNOC for Distribution in the Abu Dhabi Stock Exchange on 13 December, Bloomberg reports. The pricing range for the book-build will be announced on 26 November. ADNOC is looking for a\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":581592,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/16\/adnoc-distribution-closes-acquisition-of-50-of-totalenergies-egypt\/","url_meta":{"origin":622379,"position":3},"title":"Adnoc Distribution closes acquisition of 50% of TotalEnergies Egypt","author":"enterpriseam admin","date":"16 February 2023","format":false,"excerpt":"The acquisition marks Adnoc\u2019s entry into the Egyptian fuel distribution market","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/ADNOC-1600-px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":628698,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/sherif-ismail-discusses-oil-and-gas-cooperation-with-adnoc-chief\/","url_meta":{"origin":622379,"position":4},"title":"Sherif Ismail discusses oil and gas cooperation with ADNOC chief","author":"enterpriseam admin","date":"10 May 2018","format":false,"excerpt":"Prime Minister Sherif Ismail met yesterday with the head of the Abu Dhabi National Oil Company (ADNOC) Sultan Jaber, according to a Cabinet statement. The two discussed oil and gas cooperation, as well as increasing Emirati investments in Egypt\u2019s oil refining, petrochemicals, and LNG sectors.","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":615277,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/15\/adnoc-bp-to-form-gas-jv-in-egypt\/","url_meta":{"origin":622379,"position":5},"title":"Adnoc, BP to form gas JV in Egypt","author":"enterpriseam admin","date":"15 February 2024","format":false,"excerpt":"The JV is set to be established in 2H 2024","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1414.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=622379"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622379\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/622362"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/622380"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=622379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=622379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=622379"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=622379"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=622379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}