Enoc readies contract for major Jebel Ali plant expansion

Emirates National Oil Company is set to award the contract for a major expansion of its Jebel Ali plant, part of a broader downstream growth strategy that it expects will create hundreds of new jobs. The plans for the refinery expansion and the addition of more than 80 new retail outlets in the UAE and Saudi Arabia are part of Enoc's efforts to develop into a "middleweight" inte­grated oil player, following the doubling of its upstream output last year when it purchased the 46 per cent of Dragon Oil it did not already own. The refinery contract is expected to be...