Emirates National Oil Company

Emirates National Oil Company (ENOC)
شركة بترول الإمارات الوطنية
TypeGovernment-owned corporation
Founded1993[1]
Headquarters,
UAE[2]
Key people
Hamdan bin Rashid Al Maktoum
(Chairman)[3]
Saeed Mohammed Al Tayer
(Vice Chairman)[4]
OwnerInvestment Corporation of Dubai
Number of employees
9000+[1]
Websitewww.enoc.com

ENOC (the Emirates National Oil Company) is a global diversified state owned energy group and operates in oil, gas and coal industry.[5][6]

History

Established in 1993, ENOC is a wholly owned company of the Government of Dubai, through the Investment Corporation of Dubai.[1] In 1999 ENOC opened its first oil refinery, which produced 120,000 barrels per day (19,000 m3/d) and cost about AED 1.5 billion.[7]

In 2019, ENOC presented two new digital ventures under its accelerator program Next, which was launched the same year: Enoc Link, an automotive refueling service and Beema, an online vehicle insurance service.[8][9]

Operations

ENOC is a multi-interest oil and gas group, and has operations in Dubai and Northern Emirates in UAE, although it does not have operations in Abu Dhabi, the largest of the emirates. One of its subsidiaries, ENOC Processing Company LCC (EPCL) runs the Jebel Ali refinery in Dubai.[5]

The ENOC Group comprises numerous related subsidiaries, across two main categories - energy operations and general services - covering upstream, midstream, and downstream sectors.[10]

In June 2015, ENOC acquired the remaining 46% of Dragon Oil for £3.7 billion pound sterling.[11]

Overview of personnel

The board of members consists of Sheikh Hamdan Bin Rashid Al Maktoum, Saeed Mohammed Al Tayer and Ahmad Sharaf.[6] The group's current CEO is Saif Humaid Al Falasi.[8] Mohammad Sharf serves as the group's CFO.[6]

Awards

In 2018, the group was awarded a Transform Award MENA Bronze.[12]

In 2020, ENOC Group won the Dubai Gold Award for Quality, which honors the outstanding performance of organizations, during a virtual ceremony held on November 11, 2020.[13]

See also

References

  1. ^ a b c "ENOC at a Glance". Emirates National Oil Company. Retrieved 2018-04-12.
  2. ^ "ENOC: About us". Emirates National Oil Company. Retrieved 2018-04-12.
  3. ^ "Board Of Directors: Chairman". Emirates National Oil Company. Retrieved 2018-04-12.
  4. ^ "Board Of Directors: Vice Chairman". Emirates National Oil Company. Retrieved 2018-04-12.
  5. ^ a b "ENOC nears commissioning of Jebel Ali refinery expansion project". Oil & Gas Journal. April 21, 2020. Retrieved November 4, 2020.
  6. ^ a b c "Emirates National Oil Co Ltd LLC". Bloomberg. Retrieved November 4, 2020.
  7. ^ "Oil in Dubai: History & timeline". Gulf News Business. February 4, 2010. Retrieved November 4, 2020.
  8. ^ a b "Dubai's Enoc unveils two new digital ventures". Arabian Business. September 2, 2019. Retrieved November 10, 2019.
  9. ^ "ENOC Group announces NEXT accelerator programme". Oil Review. August 6, 2019. Retrieved November 10, 2019.
  10. ^ "Our Businesses". Emirates National Oil Company. Retrieved 2018-04-12.
  11. ^ "Dragon Oil shares are on fire after Emirates National Oil Company's bid success". Evening Standard. 15 June 2015. Retrieved 7 January 2015.
  12. ^ "Big congratulations to the winners of the Transform Awards MENA 2018". transformmagazine. Retrieved November 13, 2020.
  13. ^ "اينوك تفوز بجائزة دبي الذهبية للجودة - الاقتصادي - السوق المحلي - البيان". 2020-11-13. Archived from the original on 13 November 2020. Retrieved 2022-07-12.

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