logo

Annual Review 2017

enoc.com

ENOC’s journey

Focusing on delivering value throughout our entire value chain

Over the past 30 years, ENOC has evolved from a local oil and gas player to a global operator across various aspects of the energy sector value chain. Now serving thousands of customers across 60 markets, ENOC is deploying talent and technology to diversify its offerings to achieve sustainable development.

1970

  • Oliver Prospecting and Mining Company (now Dragon Oil) is established.

    1971

  • CALGAS Bottling Company is established.

    Dubai Shipping Company begins transporting LPG to Bahrain.

    1974
  • Journey years

    CYLINGAS, the first LPG cylinder factory in the GCC region, begins its operations.

    1976
  • Journey years

    DUGAS (Dubai Natural Gas Company) is established and begins construction of a 100 MMscfd gas plant.

    1977

1980

  • DUGAS begins commercial production of LPG and condensate.

    Emirates Bunkering & Bitumen Company (EBBCO) is established.

    1980

  • CALGAS becomes wholly-owned by the Government of Dubai, and is renamed Emirates Gas (EMGAS).

    1981

  • DUGAS’ second onshore gas plant is completed with a capacity of 135 MMscfd.

    The DUGAS-DEWA 24-inch pipeline is completed, and the 12-inch fuel gas pipeline from Jebel Ali to the Fateh Field is commissioned.

    1984
  • Journey years

    EBBCO is renamed Emirates Petroleum Products Company (EPPCO).

    1988
    Journey years
  • Journey years

    DUGAS’s Margham-Jebel Ali pipeline is completed.

    Emirates Terminals is formed to establish a chemical storage terminal in Jebel Ali.

    1989

1990

  • ENOC’s Retail segment launches convenience stores, later branded ‘ZOOM’.

    1991

  • ENOC is formed through the transfer of four wholly or majority-owned Government of Dubai companies.

    1993
  • Journey years

    DUGAS’ 500,000 MT methyl tertiary butyl ether (MTBE) facility becomes operational.

    1995

  • EPPCO International becomes an ENOC joint venture with Chevron and its storage terminal at Jebel Ali is established.

    ENOC enters the aviation fuel market.

    1996

  • EPPCO Projects begins marketing ENOC and Caltex branded lubricants.

    Emirates Terminals (now known as Horizon Jebel Ali Terminals) is acquired by ENOC.

    1997
  • Journey years

    ENOC acquires 46 percent of Dragon Oil.

    ENOC’s Snake Pipeline is inaugurated, supplying aviation fuel to Dubai International Terminal.

    1998
  • Journey years
    1999

    ENOC’s shareholding in Dragon Oil increases to 69.4 percent and the organisation’s headquarters are moved to Dubai.

    ENOC becomes the first Middle Eastern oil company to establish an international presence, starting trading operations in Singapore.

    ENOC Processing Company’s petroleum refinery (120,000 barrels per stream day) is commissioned.

    Vopak Horizon Fujairah’s terminal is established, a joint venture between ENOC, Vopak, IPG, and the Government of Fujairah.

    Tasjeel is established, a joint venture between EPPCO and Dubai Police for vehicle registration and testing.

    Dragon Oil signs a Production Sharing Agreement with the Government of Turkmenistan to redevelop the Cheleken Contract Area in the Caspian Sea.

2000

  • Journey years

    DUGAS ownership is transferred to ENOC by the Government of Dubai.

    ENOC Singapore and ENOC UK are established.

    The ENOC fuel retail network is launched.

    2000

  • ENOC Marketing (previously known as ENOC International Sales) is formed to take over aviation fuel marketing from EPPCO Projects.

    ENOC Supply and Trading is incorporated to handle the group’s supply requirements and for commodity oil trading.

    2001
  • Journey years

    ENOC acquires a 35 percent stake in Arabtank Terminals with a capacity of 19,300 m3 (now 288,000 m3).

    2002

  • ENOC incorporates Horizon Terminals to consolidate all terminal assets.

    2003

  • Major shipping assets are transferred to Gulf Energy Maritime (GEM).

    2004
  • Journey years

    ENOC acquires remaining shares in EPPCO from Chevron.

    2005
  • Journey years
    2006

    Horizon Singapore Terminals is commissioned, with a capacity of 573,000 m3 (now 1,243,000 m3).

    Horizon Djibouti Terminals is commissioned, with a capacity of 271,000 m3 (now 371,000 m3).

    Horizon Taeyoung Korea Terminal is acquired, with a capacity of 99,000 m3 (now 232,000 m3).

  • Journey years

    ENOC’s Snake Pipeline (supplying aviation fuel to Dubai International Terminal) undergoes a major upgrade.

    2007

  • ENOC Lubricants and Grease Manufacturing Plant begins operations.

    2009

2010

  • ENOC’s refining unit upgrade project is completed, with the installation of a hydrotreater and reformer unit.

    ENOC’s Retail segment opens the first ‘green’ gas station in the Middle East.

    2010
  • Journey years

    Dragon Oil signs a farm-in agreement for the Bargou Exploration Permit, offshore Tunisia.

    2011

  • Horizon commissions a new terminal in Tangier, Morocco with a capacity of 533,000 m3.

    Vopak Horizon Fujairah terminal is expanded.

    Dragon Oil, in a consortium of companies, wins new exploration blocks in Iraq and Afghanistan.

    2012
  • Journey years

    Fujairah Distribution Terminal is completed with a capacity of 246,000 m3.

    ENOC’s lubricant blending plant is expanded to a capacity of 147,000 MT.

    ENOC acquires two medium-range Panamax vessels.

    ENOC Retail enters the Saudi fuel retail market.

    Dragon Oil wins the East Zeit Bay exploration block in the Gulf of Suez, Egypt.

    2013

  • Construction of the Jebel Ali facility is completed, comprising 141,000 m3 of Jet A1 tankage capacity and a 60 km pipeline connecting Jebel Ali to Dubai International Airport.

    The debottlenecking project at DUGAS is completed.

    Dragon Oil wins two perimeters in Algeria and makes two oil discoveries in Iraq.

    2014

  • ENOC acquires the remaining 46 percent of Dragon Oil.

    ENOC purchases a lube blending facility (annual capacity 250 MT) in Jebel Ali.

    2015
  • Journey years

    Horizon divests its interest in Horizon Taeyoung Korea Terminals.

    ENOC’s Jebel Ali refinery announces an expansion valued at more than US $1 billion.

    Upon completion in 2019, the refinery will produce 210,000 barrels per day.

    2016
  • Journey years

    ENOC launches Biodiesel5 in the UAE.

    ENOC announces Dragon Oil new Board of Directors.

    ENOC publishes first Sustainability Performance Report.

    ENOC opens 6th service station in KSA.

    ENOC Group announces plans to power all future service stations in UAE with solar energy.

    2017