Emirates National Oil Company (ENOC)

(Last Updated On: 07/09/2017)

 

Emirates National Oil Company (ENOC) is an integrated international oil and gas player operating across the energy sector value chain.

It is effectively an entity wholly owned by the Government of Dubai.

It operates assets in the fields of exploration and production, supply and operations, refining, terminals, fuel retail, aviation fuel and petroleum products for commercial and industrial use.

The Group’s general business operations include automotive services, non-fuel foodservice retail, and fabrication services.

Operating in over 60 markets, the Group employed a workforce of 9,000 employees as of 2016.

ENOC was established at the end of 1993 by the Dubai government to promote joint venture petroleum projects inside and outside Dubai.

Early in 2000, ENOC revealed that it intended to move into the domestic petroleum retail market, setting up 30 gasoline stations in Dubai and other emirates.

ENOC was the first oil company in the UAE to introduce lower-Sulphur Diesel at its service stations in 2007.

In March 2016, ENOC announced the construction of the underground 16 km jet fuel pipeline expansion linking its storage space terminal in Jebel Ali with Al Maktoum International Airport.

The ENOC Group operates two business arms: energy operations and general services.

Its energy business comprises Exploration and Production, Supply Trading and Processing, Terminals, Fuel Retail, Aviation, and Products.

Its subsidiary enterprises include convenience store franchises, added value propositions, automotive and fabrication services.

ENOC owns, directly and indirectly, more than 20 subsidiaries, most of them in the UAE, but also in Saudi Arabia, Djibouti, Tanzania, Morocco, United Kingdom, Singapore, Turkmenistan, and Malaysia.

ENOC blends fuel additives in its storage tanks to provide the gasoline it sells in Dubai and neighboring countries.

ENOC has the largest lubricant blending plant in the Middle East with a production capacity of 250,000 MT/annum.

Because of fuel subsidies, stations in the UAE have historically relied on retail sales at stores and food outlets to generate most of their revenue.

Since its establishment in 1993, ENOC has made significant progress in meeting its overall objectives and currently predicates in an increasingly broad range of business ventures.

As an ‘Energy Partner of Choice’, ENOC provides the energy behind Dubai’s phenomenal growth.

With the Group’s expansion, from the shores of the Emirates to the Far East, Europe, and Africa, ENOC is now actively pursuing further global expansion.

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Towards Biz is one of the dedicated news agency focused on Bangladesh Lubricants Oil Market.

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