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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 m 3 /d) and cost about AED 1.5 billion.
It is located in Dubai and operated by the Emirates National Oil Co. , 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.
Location of the United Arab Emirates. The United Arab Emirates is a country at the southeast end of the Arabian Peninsula on the Persian Gulf.. The economy is the second largest in the Arab world (after Saudi Arabia), with a gross domestic product (GDP) of US$570 billion (DH 2.1 trillion) in 2014.
Investment Corporation of Dubai (Arabic: مؤسسة دبي للاستثمارات الحكومية, ICD) is the principal investment arm of the Government of Dubai [2] focused on strengthening Dubai’s economy through long-term value and wealth creation and investing in global opportunities. [3]
This is a list of government-owned companies of the United Arab Emirates. A Government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government.
Just 1,400 jobs were added in the residential construction industry last month out of the 10,000 new roles added to the broader construction sector. Speciality trade contractors — think plumbers ...
In 2012 Dragon Oil launched a $200 million share buyback and the shares in Dubai rose 7 %. [15] In 2013 Forbes ranked Dragon Oil on Forbes Global 2000 at place 1902. [16] From 2012 to 2015, Dragon Oil suffered setbacks caused by several delivery delays of a drilling platform, an important part of the companies progress in the Caspian Sea. [17]
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