News
12 June 2019

Enoc taps Chinese banks for corporate loan

In:
Oil & gas
Region:
Middle East & Africa

Emirates National Oil Company (Enoc) has raised a $690 million loan from a consortium of Chinese banks. Proceeds will be used for general corporate purposes – Enoc plans to invest AED2.2 billion ($600 million) to expand its retail petrol network in the UAE and Saudi Arabia to meet rising...

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