Latest news with #fuelstations
Zawya
01-08-2025
- Business
- Zawya
KNPC to build 16 fuel stations in Kuwait
KUWAIT CITY: Kuwait National Petroleum Company (KNPC) has obtained approval to build 16 fuel stations this year, say sources from the oil sector. Sources disclosed that the stations will be located in new residential cities, while some densely populated residential areas will have additional fuel stations. Sources said the company aims to increase its sales of all types of gasoline to at least seven million liters by 2030, considering that its sales exceeded 5.105 million liters of gasoline by the end of the fiscal year ending March 31, 2025; compared to 5.016 million liters in the previous year and around 4.891 million liters in 2023. Sources confirmed that the company is targeting increased revenues from car wash stations, whose revenues declined in fiscal 2024/2025 to KD393,300 compared to KD432,000 in the previous fiscal year. Sources indicated that KNPC is planning to develop its car wash stations to achieve the targeted returns. Sources stated that KNPC will establish new fuel stations in line with environmental cleanliness and international requirements, particularly the strategy of Kuwait Petroleum Corporation (KPC) to achieve carbon neutrality. Sources added the company intends to implement many initiatives related to its projects and refineries in order to reduce carbon emissions. Moreover, sources confirmed that the Chief Executive Officer (CEO) of KNPC Wadha Al-Khatib ensured that around 120 Kuwaiti employees under contractor contracts were treated fairly as their salaries, which exceeded the top of the grade scale, were not affected. Sources said these employees remain entitled to promotions and job placements under the regulations. Sources added that the Kuwaitis employed at Al-Dar Company, which implements service projects for KNPC, will soon receive their end-of-service benefits. Sources also stated that the executive management of KNPC prioritizes nationals, such that it periodically announces job advertisements to increase the percentage of nationals working in the company to compensate for the decline in 2025. They revealed that in the first quarter of this year, the number of Kuwaiti workers reached 5,864; compared to about 6,007 during the same period in 2024. The percentage of national workers in KNPC stands at 92.4 percent, which, sources stressed, is a good percentage. They went on to say that Al-Khatib's recent instructions to the leadership of the company center on the need to increase the national human capital and develop their functional capabilities. They added that KNPC organized many training courses for the national workforce in cooperation with local and international institutions.
Yahoo
26-06-2025
- Business
- Yahoo
Alimentation Couche-Tard must divest 35 gas stations to advance Giant Eagle deal, FTC says
TORONTO (Reuters) -Canadian retailer Alimentation Couche-Tard will be required to divest 35 gas stations in order to move forward with its proposed $1.57 billion acquisition of 270 retail fuel outlets from grocery store chain Giant Eagle, the Federal Trade Commission said on Thursday. The proposed consent order would settle FTC charges that the deal was anticompetitive and would have likely led to higher fuel costs for consumers across Indiana, Ohio, and Pennsylvania, the commission said in a statement.
Reuters
26-06-2025
- Business
- Reuters
Alimentation Couche-Tard must divest 35 gas stations to advance Giant Eagle deal, FTC says
TORONTO, June 26 (Reuters) - Canadian retailer Alimentation Couche-Tard ( opens new tab will be required to divest 35 gas stations in order to move forward with its proposed $1.57 billion acquisition of 270 retail fuel outlets from grocery store chain Giant Eagle, the Federal Trade Commission said on Thursday. The proposed consent order would settle FTC charges that the deal was anticompetitive and would have likely led to higher fuel costs for consumers across Indiana, Ohio, and Pennsylvania, the commission said in a statement.
LBCI
17-06-2025
- Business
- LBCI
Cyberattack disrupts Iran's Bank Sepah — report
Iran's semi-official Fars news agency reported that a cyberattack disrupted Bank Sepah's online services. That may, in turn, disrupt the operations of fuel stations to whom the bank provides services, it added. The issue is to be resolved in the next few hours. Reuters
Gulf Business
09-05-2025
- Automotive
- Gulf Business
Salik signs deal with ENOC to enable smart payments at fuel stations
Image: ENOC Salik Company, Dubai's exclusive toll gate operator, has signed a memorandum of understanding (MoU) with ENOC Group to develop integrated digital payment solutions at ENOC fuel stations. The agreement will allow customers to make seamless payments for fuel and services at ENOC stations using Salik's e-wallet, with transaction values automatically deducted through vehicle number plate recognition technology. The MoU was signed by Ibrahim Sultan Al Haddad, CEO of Salik, and Zaid Alqufaidi, MD of ENOC Retail, at ENOC's head office in Dubai. The partnership leverages automatic number plate recognition (ANPR) technology, already deployed by Salik at over 25 parking locations and soon expanding to 127 locations, to offer contactless payments at ENOC's retail and service network. It marks a significant step in both companies' digital transformation strategies. 'This partnership reinforces our commitment to delivering advanced technologies that simplify transactions, improve operational efficiency, and strengthen Salik's position as a key enabler of sustainable and intelligent mobility solutions across the emirate of Dubai,' Al Haddad said. Salik aims to grow its ancillary revenue streams 'This agreement represents a significant step towards enhancing the customer journey at our service stations,' said Saif Humaid Al Falasi, group CEO of The MoU also includes plans for joint technical integration, a phased rollout of the payment system across ENOC locations, and future joint marketing campaigns to raise customer awareness. Both companies are exploring a broader strategic partnership, the statement added. The announcement comes amid Salik's continued rollout of customer-centric mobility services, including the launch of its variable tolling system in January aimed at improving traffic flow and optimising transport infrastructure efficiency.
