Emarat Petroleum Company PJSC (Emarat), one of the UAE’s leading energy companies, has expanded its international footprint with the opening of its first branded service station in Yerevan, Armenia, marking the company’s entry into a new international market.
The milestone represents a significant step in Emarat’s global growth strategy, reinforcing its commitment to expanding the brand’s presence internationally while supporting the UAE’s vision of enhancing the global competitiveness of its national companies.
The inauguration ceremony was attended by Dr. Nariman Al Mulla, UAE Ambassador to the Republic of Armenia; Eng. Ahmed Al Shamsi, Vice Chairman of the Emarat Board and Group CEO of Trojan Construction Holding; Burhan Al Hashemi, CEO of Emarat; along with senior executives from Emarat and representatives from the energy and business sectors of both countries.
The launch follows the strategic partnership signed last year between Emarat and MegaTrade, one of Armenia’s leading fuel and energy companies and part of the SIL Capital portfolio. The new station marks Emarat’s first operational presence in Armenia, leveraging the company’s extensive expertise and proven business model to strengthen sustainable partnerships and drive regional and international growth.
As part of the next phase of the partnership, Emarat and MegaTrade plan to develop an integrated network of service stations across Armenia. The stations will operate according to Emarat’s international operational standards, offering high-quality fuel, adhering to industry-leading health, safety and environmental practices, and providing a comprehensive customer experience that includes convenience retail and value-added services.
Built on a scalable operating model, the project is designed to support sustainable growth, enhance operational efficiency, elevate service standards within Armenia’s fuel and energy sector, and showcase Emirati expertise in international markets.
Dr. Nariman Al Mulla, UAE Ambassador to the Republic of Armenia, said, “Emarat’s expansion into Armenia reflects the growing capabilities of UAE national companies and their ability to compete successfully on regional and international levels. It also demonstrates the strength of the economic relationship between the UAE and Armenia while introducing Emarat’s advanced expertise in service station management and the energy sector to the Armenian market.”
She added, “The economic agreements between our two countries have created a supportive environment for the expansion of UAE companies, encouraging mutual investment and facilitating the transfer of Emirati expertise in the energy sector in line with the UAE’s broader economic development objectives.”
Burhan Al Hashemi, CEO of Emarat, said, “The opening of our first service station in Yerevan marks an important milestone in Emarat’s international expansion journey. It reflects the strength of our business model, built on long-term partnerships and the successful transfer of Emirati expertise to high-potential markets.”
He added, “This expansion forms part of Emarat’s long-term strategy to strengthen its global presence. By entering new markets, we continue to deliver our internationally recognised standards in fuel quality, operational excellence and customer experience, while enhancing the value of the Emarat brand. We look forward to expanding our network across Armenia alongside our partners and further reinforcing Emarat’s position as a trusted international energy brand.”
Eduard Sukiasyan, Chairman of SIL Capital and shareholder of MegaTrade, said, “Partnering with Emarat reflects our confidence in the company’s extensive experience in operating service stations to the highest international standards. We believe this collaboration will help establish new benchmarks for Armenia’s energy sector while delivering consumers a superior experience focused on quality, efficiency and innovation.”
Emarat’s expansion into Armenia comes amid growing economic ties between the UAE and Armenia, with non-oil bilateral trade reaching record levels in recent years. The move also creates new opportunities for UAE businesses in promising international markets, supporting the country’s economic diversification agenda and strengthening its global investment presence.
