In May 2019, ENOC revealed its Saudi Arabia expansion plans as part of the kingdom's Vision 2030, which included opening of 124 services stations. Handout.

Dubai’s Emirates National Oil Company announced it has secured US$690 million in funding from a Chinese bank consortium, Xinhua reported.

The funding came from a consortium comprising of the Industrial and Commercial Bank of China, the Agricultural Bank of China, and China Construction Bank, which will help ENOC finance its general corporate activities.

“With rapid changes in the evolving energy industry, there is a global shift towards alternative energy, innovation and digitization,” said Saif Al Falasi, the group chief executive of ENOC. “We are forerunners in the areas of innovation and technology in the regional energy market and are pleased to see international financial institutions trusting and endorsing our growth plans.”

The funding comes in line with the oil and gas giant’s efforts to contribute to the United Arab Emirates’s economic development through its exploration, production, supplies and other businesses.

In May 2019, ENOC revealed its Saudi Arabia expansion plans as part of the kingdom’s Vision 2030, which included opening of 124 services stations to meet the increasing fuel demand in the Gulf nation and creation of 500 jobs.

According to ENOC sources, the UAE consumes 12 billion litres of fuel per year serviced by 566 stations, or 60,000 litres a day per station, which is double the global national average of 35,000 litres a day.

Join the Conversation

1124 Comments

  1. What i do not realize is actually how you’re not really a lot more smartly-liked than you may be right now. You’re very intelligent. You recognize therefore considerably with regards to this matter, produced me for my part believe it from a lot of numerous angles. Its like men and women are not interested unless it is one thing to accomplish with Lady gaga! Your own stuffs outstanding. Always maintain it up!

  2. Greetings from Los angeles! I’m bored at work so I decided to browse your website on my iphone during lunch break. I enjoy the info you present here and can’t wait to take a look when I get home. I’m amazed at how fast your blog loaded on my mobile .. I’m not even using WIFI, just 3G .. Anyways, awesome blog!

  3. Wonderful goods from you, man. I have understand your stuff previous to and you are just extremely wonderful. I really like what you have acquired here, certainly like what you’re saying and the way in which you say it. You make it enjoyable and you still care for to keep it wise. I cant wait to read far more from you. This is actually a tremendous site.

  4. That is the appropriate weblog for anyone who needs to seek out out about this topic. You realize a lot its virtually onerous to argue with you (not that I really would want…HaHa). You definitely put a brand new spin on a topic thats been written about for years. Nice stuff, just great!

  5. I would like to thnkx for the efforts you have put in writing this web site. I am hoping the same high-grade site post from you in the upcoming also. In fact your creative writing abilities has encouraged me to get my own site now. Really the blogging is spreading its wings quickly. Your write up is a great example of it.

  6. When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get three e-mails with the same comment. Is there any way you can remove people from that service? Many thanks!

  7. Fantastic goods from you, man. I’ve understand your stuff previous to and you are just extremely fantastic. I really like what you’ve acquired here, really like what you are saying and the way in which you say it. You make it enjoyable and you still take care of to keep it smart. I cant wait to read far more from you. This is really a tremendous site.

  8. Simply wish to say your article is as astounding. The clearness in your post is just spectacular and i could assume you’re an expert on this subject. Well with your permission allow me to grab your feed to keep up to date with forthcoming post. Thanks a million and please carry on the gratifying work.

  9. This web site is mostly a stroll-by way of for the entire info you wanted about this and didn’t know who to ask. Glimpse right here, and you’ll positively uncover it.

  10. Nice post. I used to be checking continuously this blog and I’m impressed! Extremely helpful info particularly the final phase 🙂 I handle such information a lot. I used to be looking for this certain information for a very long time. Thank you and good luck.

  11. Along with the whole thing which appears to be building within this subject matter, all your viewpoints are very refreshing. Having said that, I am sorry, because I do not give credence to your whole suggestion, all be it exciting none the less. It seems to everyone that your remarks are not entirely rationalized and in fact you are yourself not really completely convinced of the assertion. In any event I did appreciate reading it.

  12. Woah! I’m really enjoying the template/theme of this site. It’s simple, yet effective. A lot of times it’s difficult to get that “perfect balance” between superb usability and appearance. I must say you’ve done a excellent job with this. In addition, the blog loads very quick for me on Opera. Exceptional Blog!

  13. hello!,I like your writing very a lot! share we keep in touch extra approximately your article on AOL? I require a specialist in this house to resolve my problem. Maybe that’s you! Having a look ahead to look you.

  14. Please let me know if you’re looking for a writer for your weblog. You have some really good posts and I think I would be a good asset. If you ever want to take some of the load off, I’d really like to write some articles for your blog in exchange for a link back to mine. Please blast me an e-mail if interested. Thanks!

  15. Hello, you used to write magnificent, but the last few posts have been kinda boringK I miss your super writings. Past few posts are just a little out of track! come on!

  16. Greetings from Idaho! I’m bored to tears at work so I decided to check out your site on my iphone during lunch break. I enjoy the info you provide here and can’t wait to take a look when I get home. I’m shocked at how fast your blog loaded on my cell phone .. I’m not even using WIFI, just 3G .. Anyways, superb site!

  17. Undeniably believe that which you said. Your favorite justification seemed to be on the internet the easiest thing to be aware of. I say to you, I definitely get irked while people consider worries that they just don’t know about. You managed to hit the nail upon the top as well as defined out the whole thing without having side-effects , people could take a signal. Will likely be back to get more. Thanks

  18. Great web site. A lot of useful info here. I¦m sending it to a few pals ans additionally sharing in delicious. And naturally, thanks to your effort!

  19. Hey! Do you know if they make any plugins to help with SEO? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good success. If you know of any please share. Kudos!

  20. There are some interesting time limits on this article but I don’t know if I see all of them center to heart. There may be some validity but I will take maintain opinion till I look into it further. Good article , thanks and we would like extra! Added to FeedBurner as nicely

  21. Thank you for the sensible critique. Me & my neighbor were just preparing to do a little research about this. We got a grab a book from our area library but I think I learned more from this post. I’m very glad to see such wonderful information being shared freely out there.

  22. With havin so much content do you ever run into any issues of plagorism or copyright violation? My site has a lot of completely unique content I’ve either authored myself or outsourced but it looks like a lot of it is popping it up all over the web without my permission. Do you know any methods to help prevent content from being ripped off? I’d definitely appreciate it.

  23. I’ve been exploring for a little bit for any high quality articles or blog posts in this sort of space . Exploring in Yahoo I at last stumbled upon this website. Reading this info So i’m satisfied to exhibit that I’ve a very excellent uncanny feeling I discovered exactly what I needed. I so much unquestionably will make certain to do not forget this site and give it a look on a continuing basis.

Leave a comment

Your email address will not be published. Required fields are marked *