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ADNOC in deal with Saudi firm to provide consultancy services for managing and operating petrol stations

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Posted / Last update: 08-08-2012
Adnoc Distribution, the retail arm of Abu Dhabi National Oil Company (Adnoc), last week signed an agreement with Saudi-based Al Olaibi Company, which will see ADNOC provide consultancy services for managing and operating petrol stations in Saudi Arabia

The deal is seen as a first step towards providing a franchise system for Al Olaibi company.

In a statement Adnoc confiomed that the agreement goes hand-in-hand with the company’s strategy to expand the construction and operation process of service stations in the UAE through an exchange of its technical expertise in operating petrol stations outside the UAE.

The agreement was signed by Abdullah Salem Al Daheri, General Manager of Adnoc distribution, and Eid Abdul Hadi Al Olaibi, Director General of Al Olaibi Company.

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