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ENOC marks 10th anniversary

DUBAI Emirates National Oil Company Ltd (ENOC) has marked its tenth anniversary with the unveiling of a new vision and mission aimed at positioning the Government of Dubai Group as an "Energy Partner of Choice."

Hussain Sultan, Group Chief Executive and Board Member, ENOC, said: "The adoption of this new vision and mission reflects the realities of ENOC today and its desire to be a leader in Dubai's global future.

"Joint ventures and alliances will take the ENOC brand across the globe and throughout the upstream and downstream sectors.

"In order to live up to the new vision and mission ENOC is committed to constantly innovate quality products and services, to meeting market demands swiftly and positively, providing best-in-class management and financial performance and contributing positively to the environment."

ENOC, which was set up in 1993 with a paid-up capital of Dh100 million, today operates in excess of 24 subsidiaries and has a paid-up capital of Dh 500 million.

Hussain Sultan continued: "In the energy business, constant re-engineering is vital to ensure a place in the major league. Over the next year we will concentrate at home on increasing our non-fuel business."