IPT Energy, a prominent leader in the energy sector with origins in Lebanon, has expanded its presence in Sharjah by establishing IPT Energy Trading.
This new entity actively engages in the importation and trading of refined oil products, petrochemicals, lubricants, and grease. The establishment, supported by Invest in Sharjah, commemorated IPT Energy’s substantial growth and increasing influence in the region.
Furthermore, this partnership underscores a shared vision for economic progress and industry leadership in the energy sector.
Mohamed Juma Al Musharrkh CEO Invest in Sharjah
“The expansion of IPT Energy resonates within Sharjah’s dynamic and diverse business ecosystem showcasing the emirate as a compelling and sustainable hub for energy investments. Invest in Sharjah remains committed to providing comprehensive support to companies that are innovating within their respective industries, contributing to the vibrant economic landscape of the emirate. This milestone, through IPT’s success and expansion, also attests to Sharjah being a globally strategic investment destination.”
Demonstrating a deep commitment to Sharjah’s burgeoning energy landscape, IPT Energy has invested approximately $10 million (AED 40 million) as a first-stage investment in the emirate. With plans to ambitiously double this investment to $21 million (AED 80 million) by 2025-26, IPT Energy’s growth trajectory is closely aligned with Invest in Sharjah’s mission to foster innovation and facilitate business development within the emirate.
Maroun Abdel Nour, the General Manager of IPT Energy, stated that, ‘IPT Energy Power Trading LLC’ will run the company operations. Meanwhile, ‘IPT Energy Trading’ aims to enhance expansion by acquiring storage facilities.”
IPT Energy specializes in diesel and biodiesel distribution, bunkering, lubricants, and fuel-oil supply services. Operating from a storage facility in Sharjah covering over 4810.5 m2 and housing three storage tanks able to store over 360,000 IG, IPT efficiently manages its own storage and fleet, serving leading corporate clients across the country. As an authorized distributor of TotalEnergies Lubricants in the UAE, IPT maintains a robust partnership with the global conglomerate.
