Middle East Economic Survey

VOL. L

No 1-2

1/8-Jan-2007

REGIONAL/SAUDI ARABIA/UAE

ADNOC Distribution To Enter Saudi Fuel Retail Market

ADNOC Distribution, the retail subsidiary of the Abu Dhabi National Oil Company (ADNOC), has signed a memorandum of understanding (MOU) with Saudi-based Al-Olaibi Company to enter the kingdoms fuel retail sector through the establishment of petrol stations across the country. We will operate state-of-the-art ADNOC Distribution petrol stations in the growing Saudi...