Sharjah National Oil Corp, Equinor to optimise UAE’s energy infrastructure

Sharjah National Oil Corporation (SNOC) and Equinor ASA, an international energy company based in Norway, have signed a Memorandum of Understanding (MoU) to explore business opportunities across the downstream energy sector.

Under the MoU, the two companies will assess potential cooperation in the storage, infrastructure, logistics, trading, supply and shipping of liquefied petroleum gas (LPG), natural gas liquids (NGLs) and other oil and gas products, together with selected energy transition opportunities and the optimisation of petrochemical storage facilities in the UAE.

Khamis Al Mazrouei, CEO of SNOC, said, “This collaboration marks a significant step forward for SNOC, creating a platform to pursue practical, value-driven opportunities across the gas liquids value chain. By combining our strengths, expertise and shared ambitions, we aim to enhance energy security, optimise infrastructure utilisation and support the continued development of the UAE’s LPG sector. Most importantly, this collaboration will create long-term value for Sharjah, the UAE and the wider energy ecosystem.” Alex Grant, Equinor Senior Vice President Crude, Products and Liquids Trading, said, “By building a partnership around SNOC’s infrastructure position and Equinor’s equity volumes, trading, logistics and broad access to global markets, our two companies are positioned to create value-driven solutions to strengthen security of energy supply to regional and international markets.” As global energy markets place greater emphasis on security, flexibility and resilience, investment in LPG, NGL, storage and trading infrastructure is becoming increasingly important.

Strategic partnerships that combine infrastructure, market access and commercial expertise are expected to play a growing role in shaping the future of the downstream energy sector.

This agreement reflects the shared ambition of SNOC and Equinor to identify commercially attractive opportunities across the downstream value chain while supporting the UAE’s long-term energy security, infrastructure development and economic growth agenda. Through a structured evaluation process, the companies will explore areas where their complementary strengths can create sustainable value for customers, shareholders and the wider energy sector. Meanwhile in April, 2026, Enoc Group, a leading integrated global energy player, and 7X, the UAE’s trade, transport, and logistics group, announced the signing of a Memorandum of Understanding (MoU) to establish a framework for collaboration across e-commerce, quick commerce (q-commerce), logistics enablement, retail innovation, and transport-ready solutions.

The MoU provides a structured framework for Enoc Group and 7X to assess alignment and support their strategic priorities across several focus areas, including exploring joint ventures in high-demand segments such convenience stores, auto parts and assessing opportunities to integrate, operate, and scale existing dark store solutions.

They will also evaluate the integration of 7X’s National Network for Logistics (NXN) retail services, including out-of-home Pick-Up Drop-Off (PUDO) solutions and smart lockers, within Enoc’s retail network.

Hussain Sultan Lootah, Group CEO of Enoc, commented, “This collaboration with 7X strengthens our commitment to innovation and digital transformation. By combining Enoc’s retail footprint and energy expertise with 7X’s advanced logistics and digital capabilities, we continue to improve the mobility journeys of our customers while creating more efficient operations for businesses across the country, in line with the UAE’s vision for a diversified and digitally driven economy.”

Tariq Al Wahedi, Group CEO of 7X, stated, “Our collaboration with Enoc is a strategic extension of our ongoing commitment to evolving logistics and retail services in response to the UAE’s dynamic market needs. We are establishing a benchmark for integration across vital sectors, pioneering a practical framework to test and validate use cases via interconnected service channels. Our goal is to drive measurable advancements in reliability and efficiency, ensuring seamless, world-class access for all our customers.’’

The collaboration will identify opportunities to align Enoc’s YES Loyalty programme with 7X’s platforms and services to strengthen customer engagement. The parties will also assess solutions to equip the fleet operated by 7X’s logistics arm (EMX) with mobile, secure and automated refuelling capabilities to improve operational efficiency, and will leverage 7X’s infrastructure and strategic assets to deliver services that benefit communities across the UAE.

WAM