ADNOC to spend $1 billion in Egypt

ADNOC Distribution is considering an investment of more than $1 billion to more than double its retail footprint in Egypt, according to Asharq Business, which cited an unnamed Egyptian government official.

The proposal, still at the exploration stage, would add 400 new fuel stations in two phases of 200 each to the company’s existing network of 245 outlets in the country. To execute the expansion, ADNOC Distribution is weighing three routes: building the stations independently, partnering with state-owned Egyptian General Petroleum Corporation (EGPC), or leasing existing sites, the report said.

Separately, ADNOC and EGPC have agreed a $50 million deal covering aircraft refuelling. The company’s Egypt operations already extend well past forecourts: around 140 convenience stores, 230 lube-changing points, 130 car washes and local motor-oil manufacturing sit alongside the retail network.

ADNOC Distribution has also held a 50% stake in TotalEnergies Marketing Egypt since 2023, and Egypt reportedly accounts for 36% of the company’s global aviation-fuel volume and more than 60% of its Egypt-based earnings before interest, tax, depreciation and amortisation.

Aviation refuelling is due to start at Sphinx International Airport in October 2026 and at Hurghada International Airport by year-end.

Full story ADNOC Distribution weighs $1bn Egypt network expansion, report says - Oil & Gas Middle East