WAM Abu Dhabi, May 28th, 2012 (WAM) -- ADNOC Distribution and Emirates General Petroleum Corporation (EMARAT) have signed a Memorandum of Understanding (MoU) under which the former will takeover 74 EMARAT's service stations in the emirates of Sharjah, Ras Al Khaimah, Ajman, Umm Al Qaiwain, Fujairah after studying the location of stations in each emirate.

The signing was attended by Dr. Obaid Humaid Al Tayer, Minister of State for Financial Affairs and Emarat's Chairman, and Abdullah Nasser Al Suwaidi, ADNOC Director General and Chairman of the Board of Directors of ADNOC Distribution in addition to a number of officials.

The MoU was signed by Abdulla Salem Al Dhaheri, General Manager ADNOC Distribution and Adel Khalifa AL Shaer, Acting General Manager of EMARAT.

It aims at developing and strengthening cooperation and exchanging of experience between them in addition to providing the best services for road users and service stations clients.

WAM/ES/AM