ADNOC Distribution, which is a subsidiary of Abu Dhabi National Oil Co. (ADNOC), based in Abu Dhabi, UAE, has signed two agreements to sell its Voyager-branded lubricants in Ethiopia and Yemen.
The new supply agreements with Ethiopia’s Kinsi General Trading Company and Yemen’s Myco General Trading Company are a further milestone in ADNOC Distribution’s drive to increase business, optimise performance and secure greater access to international markets.
“With a combined population of approximately 130 million people, Ethiopia and Yemen offer markets that represent a highly compelling opportunity for ADNOC Distribution to boost sales and further diversify our business in new international markets,” said Saeed Mubarak Al Rashdi, acting CEO, ADNOC Distribution.
The new supply agreements in Ethiopia and Yemen build on ADNOC Distribution’s existing international distribution agreements with Oman Marketing and Service Co. in Oman and Arabian Parts Company in Bahrain, among others.
“ADNOC Distribution has ambitious plans to boost our growth over the coming years, including outside the UAE. We are the leading marketer and distributor of fuels to retail, commercial and government customers throughout the UAE,” said Al Rashdi.
“Building on our already strong market position, we are committed, in line with the ADNOC Group’s 2030 strategy, to finding new and innovative ways to grow. These latest agreements to supply Voyager to Ethiopia and Yemen are just the start of more growth initiatives that we expect to announce across our business units in the coming months,” he said.
Under the terms of the latest agreements, ADNOC Distribution’s lubricant blending plant in Sas Al Nakhl and oil depots in Musaffah will supply products to Myco General Trading for marketing in Yemen and to Kinsi General Trading Company for distribution in Ethiopia.