The Emirates Petroleum Company has announced a strategic partnership with MegaTrade to continue its global expansion
MegaTrade is an Armenia-based fuel and energy company, and will cooperate with Emarat to launch the energy retail brand in Armenia.
Several Emarat-branded service stations, which hope to embody the Emirati company's forward-thinking and globally benchmarked health, safety and operational standards, will launch across Armenia.
Chairman of SIL Capital (of which MegaTrade is a flagship entity), Eduard Sukiasyan, described the partnership as "a new chapter in Armenia’s fuel and energy sector.
"By combining Emarat’s international expertise with the capabilities of SIL Capital and MegaTrade, we will deliver services that meet the highest global standards. In a rapidly evolving environment, our goal is clear: to offer Armenian consumers nothing but the best.
"This partnership will establish Emarat as a new benchmark for energy services in Armenia."
Sukiasyan was in attendance at the signing ceremony for the new partnership, along with H.E. Tigran Avinyan, Mayor of Yerevan, and H.E. Dr. Nariman Mohd Sharif Abdulla Al Mulla, Ambassador of the United Arab Emirates to Armenia. He co-signed the agreement with H.E. Ali Khalifa Al Shamsi, Emarat's CEO.
Al Shamsi added, "This partnership underscores Emarat’s commitment to delivering value for stakeholders, empowering communities, and strengthening regional cooperation."
Emarat's regional expansion has seen it expand beyond the UAE into Egypt; Armenia is the first expansion point outside of the Middle East and North Africa.
