Middle East Economic Survey

VOL. XLVII

No 49

6-December-2004

UAE

ENOC Seeks New Investment Partner To Replace China Aviation In Singapore Project

Emirates National Oil Company (ENOC) is holding talks in an attempt to find a new investor to replace China Aviation Oil (Singapore) Corporations 25% stake in a planned oil terminal project off Singapore, according to Yasir Sultan, Managing Director of Horizon Terminals, an ENOC subsidiary, quoted in the UAE press on 1 December. He said discussions...