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.
I’ve read a few just right stuff here. Certainly price bookmarking for revisiting. I wonder how so much attempt you place to make the sort of great informative website.
I truly appreciate this post. I have been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thanks again!
I am often to blogging and i really appreciate your content. The article has really peaks my interest. I am going to bookmark your site and keep checking for new information.
Hi my family member! I want to say that this post is awesome, great written and come with almost all significant infos. I would like to look extra posts like this .
Youre so cool! I dont suppose Ive learn anything like this before. So good to search out somebody with some original thoughts on this subject. realy thanks for beginning this up. this website is one thing that is needed on the internet, somebody with just a little originality. useful job for bringing something new to the internet!
Hi there! I just want to give a huge thumbs up for the good data you could have right here on this post. I might be coming back to your blog for extra soon.
You have remarked very interesting points! ps nice web site.
Hello! I just would like to give a huge thumbs up for the great info you have here on this post. I will be coming back to your blog for more soon.
There’s noticeably a bundle to know about this. I assume you made sure good factors in features also.
Wonderful paintings! This is the kind of info that should be shared across the net. Shame on the search engines for not positioning this submit higher! Come on over and discuss with my website . Thank you =)
Really superb visual appeal on this web site, I’d value it 10 10.
As soon as I detected this web site I went on reddit to share some of the love with them.
WONDERFUL Post.thanks for share..more wait .. …
When I originally commented I clicked the -Notify me when new feedback are added- checkbox and now each time a remark is added I get 4 emails with the same comment. Is there any approach you may take away me from that service? Thanks!
Hey there! I just wanted to ask if you ever have any problems with hackers? My last blog (wordpress) was hacked and I ended up losing many months of hard work due to no data backup. Do you have any solutions to protect against hackers?
I like the helpful info you provide for your articles. I’ll bookmark your blog and take a look at once more right here regularly. I am fairly sure I’ll be informed many new stuff proper right here! Best of luck for the following!
Thanks for any other informative website. Where else could I get that kind of information written in such an ideal means? I have a project that I’m just now working on, and I have been on the glance out for such info.
Wow! Thank you! I permanently needed to write on my website something like that. Can I include a part of your post to my site?
Howdy very nice blog!! Man .. Excellent .. Wonderful .. I’ll bookmark your site and take the feeds alsoKI’m glad to search out numerous useful information right here within the post, we need develop more strategies in this regard, thanks for sharing. . . . . .
I do agree with all the ideas you have presented in your post. They’re very convincing and will definitely work. Still, the posts are too short for newbies. Could you please extend them a bit from next time? Thanks for the post.