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 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.
You are my inhalation , I possess few web logs and very sporadically run out from to brand 🙁
F*ckin’ remarkable issues here. I am very satisfied to peer your post. Thanks a lot and i am having a look forward to contact you. Will you kindly drop me a e-mail?
I’ve recently started a web site, the information you offer on this website has helped me greatly. Thanks for all of your time & work. “So full of artless jealousy is guilt, It spills itself in fearing to be spilt.” by William Shakespeare.
Pretty! This was a really wonderful post. Thank you for your provided information.
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.
After study a few of the blog posts on your website now, and I truly like your way of blogging. I bookmarked it to my bookmark website list and will be checking back soon. Pls check out my web site as well and let me know what you think.
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.
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
This is a great blog. Thank you for the very informative post.
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!
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!
he blog was how do i say it… relevant, finally something that helped me. Thanks
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
F*ckin’ tremendous things here. I’m very glad to see your post. Thanks a lot and i am looking forward to contact you. Will you please drop me a e-mail?
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!
Hiya! I just would like to give an enormous thumbs up for the good data you may have right here on this post. I shall be coming again to your blog for more soon.
I went over this site and I think you have a lot of wonderful info , saved to fav (:.
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!
Enjoyed looking through this, very good stuff, thanks. “A man does not die of love or his liver or even of old age he dies of being a man.” by Percival Arland Ussher.