ENOC Forms Saudi Road Tankers Venture With Tristar
Emirates National Oil Company (ENOC) announced on 30 September the formation of a joint venture with Dubai’s Tristar Transport to provide logistics for the Saudi petroleum and chemicals sectors. The JV will be based in Jubail with initial capital of SR30mn ($8mn). ENOC-Tristar will begin with a small fleet of road tankers, expanding to 500 vehicles by 2017. It will also operate petroleum and chemicals...
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