ENOC Group\u2019s upstream operations, through its subsidiary Dragon Oil, will bolster UAE\u2019s energy security as it expands its operations across the energy value chain by adding an Exploration & Production (E&P) arm to its portfolio.<\/p>\n\n\n\n
ENOC\u2019s Board of Directors led by the Vice Chairman, HE Saeed Al Tayer recently met with the Deputy Chairman of Cabinet of Ministers of Turkmenistan, where Dragon Oil has its exploration and production operations, to discuss the growth of its upstream business. The board, who also sit on Dragon Oil board, also met the Chairman of Turkmennebit, Turkmenistan\u2019s national oil company (NOC) to discuss collaboration opportunities.<\/p>\n\n\n\n
His Excellency Saeed Mohammed Al Tayer, ENOC\u2019s Vice Chairman, said: \u201cBy acquiring Dragon Oil, and its subsequent integration, ENOC has provided an upstream asset for the emirate of Dubai, underlining our commitment in strengthening the nation\u2019s energy security. While our short-term strategy remains focussed on growing our business domestically, our long-term goal is to grow our international operations to expand our reach and upstream expertise.\u201d<\/p>\n\n\n\n
Dragon Oil was fully acquired by ENOC Group in September 2015 transforming the group into a vertically integrated oil and gas business.<\/p>\n\n\n\n
Ali Rashid Al-Jarwan, Chief Executive Officer, Dragon Oil said: \u201cWhile Dragon Oil retains its operational status in the integration, we will draw from ENOC\u2019s 40 plus years\u2019 heritage in the midstream and downstream sector through their resources, expertise, and capacity, especially in operational efficiency.\u201d<\/p>\n\n\n\n
ENOC\u2019s expansion in the downstream and midstream segments will continue as it expands its Jebel Ali refinery capacity to help meet product demand. The group has also made significant efforts in growing its trading business anticipating future demand in all markets. Its terminals business is exploring multiple opportunities to support domestic as well as international growth even as it added a crude storage facility at Fujairah while its retail arm is on target to meet increased product demand by 2020.<\/p>\n\n\n\n
Dragon Oil has operations in Turkmenistan, Iraq, Algeria, Egypt, Afghanistan and Tunisia.<\/p>\n","protected":false},"excerpt":{"rendered":"
ENOC Group\u2019s upstream operations, through its subsidiary Dragon Oil, will bolster UAE\u2019s energy security as it expands its operations across the energy value chain by adding an Exploration & Production (E&P) arm to its portfolio. ENOC\u2019s Board of Directors led by the Vice Chairman, HE Saeed Al Tayer recently met with the Deputy Chairman of […]<\/p>\n","protected":false},"author":1,"featured_media":14073,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-14978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"rttpg_featured_image_url":{"full":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/08\/ecommerce3.png",700,592,false],"landscape":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/08\/ecommerce3.png",700,592,false],"portraits":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/08\/ecommerce3.png",700,592,false],"thumbnail":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/08\/ecommerce3-150x150.png",150,150,true],"medium":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/08\/ecommerce3-300x254.png",300,254,true],"large":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/08\/ecommerce3.png",700,592,false],"1536x1536":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/08\/ecommerce3.png",700,592,false],"2048x2048":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/08\/ecommerce3.png",700,592,false],"post-thumbnail":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/08\/ecommerce3.png",497,420,false],"graptor-sq-xs":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/08\/ecommerce3.png",100,85,false]},"rttpg_author":{"display_name":"admin","author_link":"https:\/\/web3unplugged.io\/blog\/author\/admin\/"},"rttpg_comment":0,"rttpg_category":"Uncategorized<\/a>","rttpg_excerpt":"ENOC Group\u2019s upstream operations, through its subsidiary Dragon Oil, will bolster UAE\u2019s energy security as it expands its operations across the energy value chain by adding an Exploration & Production (E&P) arm to its portfolio. ENOC\u2019s Board of Directors led by the Vice Chairman, HE Saeed Al Tayer recently met with the Deputy Chairman of…","_links":{"self":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/14978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/comments?post=14978"}],"version-history":[{"count":1,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/14978\/revisions"}],"predecessor-version":[{"id":14980,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/14978\/revisions\/14980"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/media\/14073"}],"wp:attachment":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/media?parent=14978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/categories?post=14978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/tags?post=14978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}