Abu Dhabi: Adnoc Distribution on Saturday announced the upcoming opening of the Al Madar service station in Sharjah. The facility will be the first service station to open following the agreement signed with Emirates General Petroleum Corporation (Emarat) earlier this year that authorises Adnoc Distribution to acquire 74 service stations as well as the Sharjah Terminal Depot (Port Khalid) in Sharjah and the Northern Emirates.
In a press release, Adnoc Distribution said it has completed the refurbishing the station and upgraded the premises. Adnoc Distribution said it will retain the same fuel products that the station retailed prior to its acquisition.
Abdullah Salem Al Daheri, CEO of Adnoc Distribution, said: “We are glad to announce the forthcoming operations of the freshly rebranded Al Madar service station. The opening gains added significance given the fact that it is the first service station to commence operations following the acquisition agreement that we signed earlier this year with Emarat. Adnoc Distribution has utilised its expertise to leverage the station’s existing facilities, especially the retail and technical services to fulfil our customer needs and enhance the overall experience for visitors.”
As per the acquisition agreement, 30 service stations in Sharjah, 17 in Ras Al Khaimah, 12 in Fujairah, 10 in Ajman, six in Umm Al Quwain, as well as the Sharjah Terminal Depot of petroleum products in Sharjah’s Port Khalid have moved under the Adnoc Distribution Service Stations network. Adnoc Distribution is currently in the process of taking over operations and re-branding the service stations acquired through the agreement with Emarat. This process is anticipated to be completed within the next five years.
Adnoc took over 74 stations from Emarat in May of 2012, when Emarat began stopped selling gas at many stations claiming losses incurred due to petrol subsidies. It was estimated that Emarat was losing Dh80 million in the Northern Emirates section of its gasoline sales business every month. The deal was expected to help Emarat cut annual losses to the tune of Dh900 million.
