Now Reading
Dubai’s ENOC gets $230m loan from China’s ICBC

Dubai’s ENOC gets $230m loan from China’s ICBC

The five-year loan will help ENOC fund new projects and expansion plans

Emirates National Oil Company (ENOC) has secured a $230m unsecured loan from Industrial and Commercial Bank of China, it said on Tuesday.

The five-year loan will help ENOC fund new projects and expansion plans, it said in a statement.

ENOC, a downstream-focused firm owned by sovereign fund Investment Corporation of Dubai, operates service stations, fuel terminals and oil tankers and operates in the Middle East, North Africa and Asia.

© 2020 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.

Scroll To Top