ENOC Group seeks to expand its presence in Egypt, according to Saif Humaid Al Falasi, ENOC Group CEO.
“Egypt has significant energy resources with oil and gas being among the most dynamic industries in the country, hydrocarbon production representing six percent of Egypt’s GDP, and plans to invest significantly in its petrochemicals sector over the next five years,” he said.
ENOC operates in diverse business segments, comprising of exploration and production through its subsidiary, Dragon Oil, supply trading and processing, terminals, fuel retail, aviation and other products, including lubricants. Along with its core fuel business, the ENOC Group also operates a portfolio of more than 377 non-fuel service outlets across the region. ENOC Group lubricants are also available in Egypt through distributors and online platforms.
ENOC Group is participating in the Egypt Petroleum Show, EGYPS, which is being held in the capital city of Cairo from 12-14 February 2018. EGYPS brings together Egyptian and North African government representatives and international service providers, to discuss developments and opportunities in the energy sector and showcase new products and technologies.
“We’re eager to share our expertise in the sector with our partners in Egypt and to contribute to the Egyptian economy. Investing in Egypt’s market, the third largest in Africa, complements our business strategy to go beyond the UAE and our commitment to industry-leading performance,” Al Falasi said.