Adnoc Distribution, the retail arm of Abu Dhabi National Oil Company (Adnoc), on Wednesday 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 issued yesterday, Adnoc affirmed 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.
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