 | |
| Company type | Government-owned corporation |
|---|---|
| Founded | 1993 [1] |
| Headquarters | , |
Key people |
|
| Owner | Investment Corporation of Dubai |
Number of employees | 9000+ [1] |
| Website | www |
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]
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. [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]
ENOC is a multi-interest oil and gas group that has operations in Dubai and Northern Emirates in UAE, and has recently opened 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. [3]
The ENOC Group comprises numerous 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 £3.7 billion pound sterling. [9]
The board of members consists of Sheikh Saeed Mohammed Ahmad Al Tayer, Sheikh Abdulrahman Saleh Al Saleh. [4] The group's current CEO is Saif Humaid Al Falasi. [6] Mohammad Sharf serves as the group's CFO. [4]
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]
The United Arab Emirates is situated in the Middle East and West Asia, bordering the Gulf of Oman and the Persian Gulf, between Oman and Saudi Arabia; it is at a strategic location along the northern approaches to the Strait of Hormuz, a vital transit point for world crude oil. The UAE lies between 22°50′ and 26° north latitude and between 51° and 56°25′ east longitude. It shares a 19 km (12 mi) border with Qatar on the northwest, a 530 km (330 mi) border with Saudi Arabia on the west, south, and southeast, and a 450 km (280 mi) border with Oman on the southeast and northeast.
The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East, with a gross domestic product (GDP) of US$415 billion in 2021-2023.
The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East. Located at the eastern end of the Arabian Peninsula, it shares land borders with Oman to the east and Saudi Arabia to the southwest; as well as maritime borders in the Persian Gulf with Qatar and Iran. The United Arab Emirates is an elective monarchy formed from a federation of seven emirates. As of 2024, the UAE has an estimated population of about 10 million. Islam is the official religion and Arabic is the official language. Abu Dhabi is the country's capital, while Dubai, the most populous city, is an international hub.
Ahmed Ali Al Sayegh is an Emirati politician who is a minister of state in the United Arab Emirates since 19 September 2018.
The Abu Dhabi National Oil Company, known by its acronym ADNOC, is the state-owned oil company of the United Arab Emirates (UAE).
The Emirate of Abu Dhabi is one of seven emirates that constitute the United Arab Emirates. It is the largest emirate, accounting for 87% of the nation's total land area or 67,340 km2 (26,000 sq mi).
The earliest written record of Dubai (Dibei) is accredited to Muhammad al-Idrisi, who mapped the coast of the UAE in the tenth century AD. Circa 1580, the state jeweler of Venice, Gasparo Balbi, documented the pearling industry of Dubai and other cities currently presiding in UAE territory. Though traditionally conservative, the UAE is one of the most liberal countries in the Gulf, with other cultures and beliefs generally tolerated. Politically it remains authoritarian, however, relations with neighbouring Iran have been tense because of an ongoing territorial dispute over Gulf islands. The UAE was one of only three countries to recognise Taliban rule in Afghanistan.
The Jebel Ali refinery was constructed from 1996 to 1999. It is located in Dubai and operated by the Emirates National Oil Co. (ENOC), which is owned by the Government of Dubai. It is a 120 kbpd gas condensate refinery, and processes mainly condensate or light crude oil. These inputs are processed to various products, including LPG, naphtha, jet fuel, diesel fuel and fuel oil. The plant consists of two 60 kbit/s condensate distillation units and five merox sweetening units.
Abu Dhabi is the capital city of the United Arab Emirates (UAE). The city is the seat of the Abu Dhabi Central Capital District, the capital city of the Emirate of Abu Dhabi, and the UAE's second-most populous city after Dubai.
The Abu Dhabi National Energy Company, PJSC (TAQA) is a government controlled energy holding company of Abu Dhabi, United Arab Emirates.
ADNOC Gas Processing is a natural gas producing company and the largest gas processing complex in Abu Dhabi, UAE.
Dragon Oil Holdings LLC is an independent international oil and gas exploration, development and production business. It is based and registered in Dubai and its operations are primarily located in Turkmenistan. The company was listed on the Irish Stock Exchange until it was acquired by the Emirates National Oil Company (ENOC). It is now a wholly owned upstream subsidiary of the ENOC-Group.
Suhail Mohammed Faraj Al Mazroui is an Emirati businessman and politician, who has been serving as the minister of energy in the United Arab Emirates since March 2013.
While being a major oil producing country, the United Arab Emirates (UAE) has taken steps to introduce solar power on a large scale. However, solar power still accounts for a small share of energy production in the country. The country was the 6th top carbon dioxide emitter per capita in the world in 2009, with 40.31 tonnes, but is planning to generate half of its electrical energy by 2050 from solar and nuclear sources, targeting 44% renewables, 38% gas, 12% coal, and 6% nuclear energy sources.
Emirates Transport (ET) is the tradename for Emirates Public Transport and Services Company PJSC, the UAE's government-owned public transport provider, particularly for the government and education sectors. Created in 1981, it now counts with over 35 thousand vehicles on its fleet and more than 26 thousand employees. It transports 250 thousand children to school on a daily basis.
The Eastern Region, officially known as Al Ain Region, is one of three Municipal Regions in the Emirate of Abu Dhabi. It forms the southeastern part of the United Arab Emirates. Its main settlement is the eponymous city of Al Ain, located on the country's border with Oman, about 160 km (99 mi) from the city of Abu Dhabi, the capital of the Emirate and country. Compared to the Western Region, it is also a rather remote region of the Emirate, but smaller by area, and is not known to hold reserves of gas or petroleum, but is agriculturally important.
Al Wathba is a suburb of Abu Dhabi in the United Arab Emirates that has a wetland nearby. It is located not too far from the international airport.
Tourism in the United Arab Emirates is an important part of the Emirati economy, and consists of domestic and international components. In 2023, the tourism sector contributed 220 billion dirham to the national gross domestic product (GDP), accounting for 12% of it.
Investment Corporation of Dubai is the principal investment arm of the Government of Dubai focused on strengthening Dubai’s economy through long-term value and wealth creation and investing in global opportunities. Established in 2006, ICD manages the Government of Dubai Portfolio of commercial companies and investments. In 2022, ICD reported assets worth $320 billion and revenue of $73 billion. The Dubai-based corporation provides strategic oversight, develops and implements investment strategies and corporate governance policies, and operates in multiple sectors, including oil and gas, transportation, banking, and financial services.
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