ENOC, Petromin said to join bidding for Egypt’s Wataniya Petroleum

04/06/2021 Argaam

Wataniya Petroleum fuel station 

Dubai’s state-owned energy firm, Emirates National Oil Co. (ENOC) and Petromin of Saudi Arabia joined the bidding race for the Egypt-based Wataniya Petroleum Co., Bloomberg reported, citing unnamed sources familiar with the matter.

 

Egypt’s Taqa Arabia is among other bidders for Wataniya, the sources added.

 

The winner will partner with Egypt’s sovereign wealth fund in taking joint full ownership of Wataniya.

 

According to Argaam, Bloomberg reported in December 2020 that Abu Dhabi National Oil Co. (ADNOC) was said to have showed interest in acquiring the Egyptian fuel company.

 

Wataniya is a fuel distribution firm that has more than 200 filling stations and is run by the North African nation military.

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