ADNOC Distribution to Use Cashflow to Grow Business, Says Deputy CEO

The transcript discusses Adnoc's financial performance, highlighting a 55% profit increase and cost efficiency strategies. It covers the impact of introducing a premium service, which has shown significant penetration in Abu Dhabi. The discussion shifts to growth areas, particularly the lubricants business, and plans for geographical expansion, including potential moves into Saudi Arabia. The impact of oil price fluctuations on the business is also examined, noting that lower prices can lead to increased fuel sales.

What is the significance of the lubricants business for the company?

What strategies are being considered for geographical expansion?

How does the company view the impact of oil prices on its business?