New Enoc strategy also targets jet fuel pipelines, storage terminals and service stations
Dubai-based Emirates National Oil Company (Enoc) has announced a new strategy to meet the emirates energy consumption growth through the development of several new downstream projects.
The five-year strategy to 2021 includes the expansion of the companys refinery and service station network, building terminals storage capacity and increasing its marketing of diesel, jet fuel and liquefied petroleum gas (LPG).
As part of the strategy, the group has appointed Zaid Alqufaidi as the new managing director of Enoc Retail, and Burhan al-Hashemi as the managing director of Enoc Marketing, the company announced in a statement on Emirates News Agency (Wam) on 15 August.
Projects include a 50 per cent capacity increase at the Jebel Ali refinery to reach 210,000 barrels a day (b/d) and extending the jet fuel pipeline network by 19 kilometres to supply Al-Maktoum International airport by the end of 2018. Enoc aims to supply 60 per cent of jet fuel volumes at Dubais airports by 2050.
MEED revealed earlier this month that Enoc had awarded an estimated $1bn engineering, procurement and construction (EPC) contract to Frances Technip on an expansion of the refinery.
Enoc also plans to expand its retail network within Dubai by renovating major service stations and constructing 54 new stations by 2020.
In 2015, the groups sales volumes of crude and petroleum products reached a record high, surpassing 220 million barrels, an increase of 16 per cent over the previous year, the company said.
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