Adnoc Distribution to sell products on Amazon

The lubricants are manufactured and blended at an Adnoc plant

ADNOC Distribution the UAE’s largest fuel and convenience retailer, which is listed on the Abu Dhabi Securities Exchange (ADX), today reported that its first half 2020 underlying EBITDA stood at USD 387 million, with net profit at USD 248 million. For the second quarter, underlying EBITDA was USD 216 million with net profit of USD 139 million. courtesy: ADNOC

Abu Dhabi National Oil Company's distribution arm signed a deal with Amazon to offer its products on the e-commerce firm's UAE store as it looks to expands its digital reach.

Customers can buy lubricants such as passenger car motor oil and heavy duty motor oil directly from the global retailer and have them delivered to their doorsteps.

A range of high-quality oils will be offered online in one and four-litre multipacks.

The lubricants are manufactured and blended at an Adnoc plant.

The Abu Dhabi oil company's refining facilities produce base oils, including the flagship ADbase using high-paraffinic crude at the Ruwais refinery.

“This is an exciting time for the business, as we offer new ways for our customers to interact with our products and access what they need as they get back on the road," said Ali Yaslem Saleh Ahmed Alsadi, vice president, lubricants division at Adnoc Distribution.

Last week, the UAE’s largest fuel and convenience retailer, reported a 13 per cent increase in full-year profit on the back of lower costs.

Net profit for the period ending December 31, 2020, climbed to Dh2.4 billion ($661 million).

Adnoc Distribution has also expanded its geographical reach. The company plans to buy an additional 20 service stations in Saudi Arabia's central and eastern provinces for as much as $15.5m.

The new acquisitions will bring the company’s total network in the kingdom to 37 stations.