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Emirates National Oil Company

ENOC (the Emirates National Oil Company) is a global diversified state-owned energy group that operates in the oil, gas, and coal industry.[3][4]

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 120000 oilbbl/d and cost about 1.5 AED billion.[5]

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.[6][7]

Operations

ENOC is a multi-interest oil and gas group that has operations in Dubai and Northern Emirates in UAE, and has operations in Abu Dhabi, the largest of the Emirate. One of its subsidiaries, ENOC Processing Company LCC (EPCL), runs the Jebel Ali refinery in Dubai.[3]

The ENOC Group comprises many related subsidiaries, across two main categories - energy operations and general services - covering upstream, midstream, and downstream sectors.[8]

In June 2015, ENOC acquired the remaining 46% of Dragon Oil for GB£3.7 billion.[9]

Awards

In 2018, the group was awarded a Transform Award MENA Bronze.[10]

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.[11]

See also

References

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