ADNOC Distribution And TotalEnergies Celebrate Two Years Of Successful TEME Joint Venture In Egypt

ADNOC Distribution and TotalEnergies are marking two years of collaboration in Egypt at the Egypt Energy Show (EGYPES). They have a joint booth highlighting their contributions to Egypt's energy infrastructure. In 2023, ADNOC Distribution acquired half of TotalEnergies Marketing Egypt (TEME), forming a joint venture that runs over 240 fuel retail sites in Egypt, including wholesale, aviation fuel, and lubricant blending operations.

The acquisition allowed ADNOC to introduce its retail fuel and Oasis convenience store brands to the Egyptian market. Eng. Bader Saeed Al Lamki, CEO of ADNOC Distribution, stated, "The ongoing success of our TEME joint venture demonstrates the value of our international expansion strategy in driving value-accretive growth. Egypt, with its significant economic potential, is a key part of our growth journey. We’re proud to deliver innovative solutions and exceptional customer experiences that align with our long-term vision for regional leadership."

ADNOC Distribution plans to open its first flagship service station in New Cairo this year. This station will feature an expanded ADNOC Oasis convenience store and offer more automotive services than the current 11 ADNOC-branded stations in Egypt. It will join existing flagship stations in Abu Dhabi and Dubai, reflecting the company's commitment to providing top-tier customer experiences.

Voyager lubricants from ADNOC are blended locally by TEME for both domestic sales and global exports. This highlights Egypt's potential as a manufacturing hub focused on exports. Later this year, Voyager lubricants will also be available through independent distributors in Egypt, extending the brand's reach beyond ADNOC service stations.

Thomas Strauss, Managing Director & Country Chair of TotalEnergies Marketing Egypt, commented on the partnership: "This partnership underscores our mutual dedication to strengthening Egypt's energy solutions. We recognise the immense potential of the Egyptian market and are committed to fostering sustainable growth."

Focus on Aviation Fuel Market

TEME aims to expand its presence in Egypt’s aviation fuel market this year. This sector is crucial due to Egypt's role as a transport and tourism hub in North Africa and beyond. As they celebrate their successful collaboration in Egypt, both companies remain dedicated to supporting the nation’s energy needs.

By continuing to grow its retail network and invest in local manufacturing, TEME is set to play a significant role in Egypt’s energy landscape. This commitment supports economic growth and sustainability for years ahead.

With inputs from WAM