Dubai - Al Falasi said that the Dubai-headquartered company is looking at expanding its operations outside its home market.
Published: Thu 30 Jul 2015, 12:00 AM
Updated: Fri 31 Jul 2015, 10:03 AM
Emirates National Oil Company (Enoc) will expand its retail network over the next few years and enhance the quality of products and services, said Saif Al Falasi, Enoc group chief executive officer.
Al Falasi said: "With the Ministry of Energy having deregulated oil prices, it will enable us to move forward with our expansion plans and continue investing in technologies that enhance customer service. We will also meet the growing public demand for more service stations in line with the expected population growth in the UAE over the next five years.
Al Falasi said that the Dubai-headquartered company is looking at expanding its operations outside its home market.
The Enoc chief also praised the UAE government and the Ministry of Energy for deregulating oil prices. He said that linking the price of petrol to the price of oil will help rationalise fuel consumption and could, in the long run, encourage the use of public transport and incentivise the use of alternative fuels.
- business@khaleejtimes.com
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