Dubai, UAE & Yerevan, Armenia — February 12, 2025 Emirates Petroleum Company P.J.S.C. (Emarat), a pioneer in the UAE's oil and gas industry, and SIL Capital L.L.C., a leading Armenian company with a diversified portfolio, including petroleum wholesale and retail, have signed a Memorandum of Understanding (MOU) to explore strategic opportunities in the energy sector across Armenia.

The MOU establishes a collaborative framework between Emarat and SIL Capital, aimed at exploring opportunities for the distribution of Emarat-branded automotive and industrial lubricants in Armenia. Both parties will work together to define a comprehensive structure for cooperation, ensuring that all aspects of the partnership align with their shared commitment to quality and innovation. Beyond lubricants, the agreement also opens opportunities for international growth, with a strong emphasis on maintaining operational excellence, adhering to industry best practices, and delivering exceptional value to customers in Armenia and beyond.

H.E. Ali Khalifa Al Shamsi, CEO of Emarat, expressed enthusiasm about the partnership, stating: "We are excited to explore opportunities with SIL Capital, a company that shares our vision for quality and innovation. Together, we aim to deliver value-driven solutions to Armenian consumers and businesses."

Elizabeth Movsisyan, CEO of SIL Capital, added: "We are pleased to embark on a new collaboration with Emarat Petroleum. We believe this memorandum will create exciting opportunities and open new prospects for both companies, fostering growth and strengthening our partnership."

This partnership not only strengthens trade ties between the UAE and Armenia but also reinforces both companies' commitment to sustainable energy practices and market development.

About Emarat:

Emirates General Petroleum Corporation (Emarat) is one of the UAE's leading energy providers, established in 1980 to meet the nation’s growing energy demands. Emarat operates an extensive network of service stations across the UAE, offering high-quality fuel, convenience retail, and automotive services, alongside a comprehensive range of commercial fuel, natural gas, and lubricant products.

About SIL Capital

SIL Capital L.L.C. is a major player in Armenia’s economy, overseeing the strategic management of over 12 companies across diverse industries. Founded in 2012 by the Sukiasyan family, SIL Capital was established to provide businesses with the strategic support needed to thrive in an evolving market. Over the years, the company has expanded its footprint into financial services, aviation, gold production, oil refining, and fuel sales.

Published by Armenpress, original at https://armenpress.am/en/article/1212928

Published by Armenpress, original at https://armenpress.am/en/article/1212928

Published by Armenpress, original at https://armenpress.am/en/article/1212928