Credit By: Energy Connects
Adnoc Distribution, a leading fuel and retail company, experienced significant expansion and transformation in 2023, marked by increased fuel and retail growth, international acquisitions, and sustainability initiatives. With a strategic focus on expanding its network and enhancing customer experience, the company achieved remarkable milestones throughout the year.
Expansion of Network:
Adnoc Distribution exceeded its annual target by opening 41 new service stations across the UAE, Saudi Arabia, and Egypt, bringing its total network to 840 stations by the end of the year. This expansion included the acquisition of a 50% stake in TotalEnergies Marketing Egypt, strengthening its international footprint with over 240 retail fuel stations and diversified businesses.
Fuel and Retail Growth:
The company witnessed a notable increase in total fuel volumes, with an 11.8% year-on-year rise in GCC countries. Retail volumes surged by approximately 9.6%, driven by economic growth and increased mobility, while commercial volumes saw a remarkable 16.2% year-on-year increase. Adnoc Distribution served nearly 500,000 customers daily at its UAE service stations, recording 179.7 million fuel retail transactions in 2023.
Sustainable Mobility Initiatives:
In line with its commitment to sustainability, Adnoc Distribution accelerated the rollout of electric vehicle (EV) charging points across its network. The company launched the first phase of fast and super-fast EV chargers, totaling over 50 assets at strategic locations by the end of the year, further promoting sustainable transportation solutions.
Future Strategic Priorities:
Looking ahead to 2024, Adnoc Distribution aims to sustain its growth trajectory by focusing on key strategic priorities. These include achieving profitable growth, integrating sustainability into operations, and fostering a culture of customer experience excellence. Leveraging its global footprint and advanced technology, the company remains committed to driving success for its business, shareholders, customers, and partners.
Adnoc Distribution’s expansion, fuel and retail growth, and commitment to sustainability underscore its position as a leading player in the energy sector. With a clear vision for the future and strategic priorities in place, the company is poised for continued success and innovation in the coming years.
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