History
ADNOC Distribution was established by a royal decree, becoming the UAE's first state-owned enterprise specializing in the marketing and distribution of fuel products within the UAE and abroad. In 1979, ADNOC Distribution expanded its operations by establishing a lubricant blending and packaging facility in Sas Al Nakhl, Abu Dhabi.[12]
In 2013, ADNOC Distribution acquired 75 service stations from Emarat in the Northern Emirates of the UAE. The following year, the company took over 25 service stations in Sharjah, previously operated by Emirates National Oil Company (ENOC).[12]
On 13 December 2017, ADNOC Distribution was listed on the Abu Dhabi Stock Exchange (ADX) under the symbol ADNOCDIST. The initial public offering (IPO) was priced at AED 2.50 per share, with the company selling 1.25 billion shares, representing 10% of its share capital.[13][14] In May 2021, ADNOC Distribution announced that it was included in the Morgan Stanley Capital International (MSCI) Emerging Markets Index.[15]
In December 2018, ADNOC Distribution inaugurated its first service station in Saudi Arabia on the Riyadh-Dammam highway, approximately 40 kilometers from Riyadh. This was soon followed by the opening of a second station in Hofuf, located within the Al Ahsa Governorate.[16] In December 2020, ADNOC Distribution entered into an agreement to acquire 15 additional service stations in Saudi Arabia for a total purchase price of AED 36.7 million (US$10 million).[17]
The same year, the company acquired a 50% stake in TotalEnergies’ network in Egypt, which included over 240 service stations, over 250 lube changing stations, car washes, lubricants, wholesale, and aviation fuel operations.[18] Subsequently, in 2023, nine ADNOC-branded service stations were launched across the country.[19]
In June 2023, ADNOC Distribution also entered an agreement with India’s Hindustan Petroleum Corporation Limited (HPCL) to expand their respective lubricants and products businesses in the UAE, India.[20] The same year, ADNOC Distribution launched the ADNOC Mobile Vehicle Inspection Centre in Abu Dhabi in collaboration with the Abu Dhabi Police.[21]
The same year, the company acquired a 50% stake in TotalEnergies’ network in Egypt, which included more than 240 service stations.[22] Subsequently, in 2023, nine ADNOC-branded service stations were launched across the country.[23]
In April 2024, ADNOC Distribution entered into a strategic agreement with AD Ports Group to globally distribute marine lubricants.[24]
The same month, ADNOC Distribution collaborated with Magnati, a Middle Eastern payments provider, to implement new single-device point-of-sale terminals in ADNOC Oasis stores.[25]
In August 2024, ADNOC Distribution announced plans to start blending ADNOC Voyager lubricants in Egypt, as a regional export hub.[26]
