VOL. XLVI
No 15
14-April-2003
UAE
ENOC Establishes Terminalling Company
Emirates National Oil Company (ENOC) on 7 April announced the establishment of a new terminalling company, Horizons Terminals Ltd (HTL) to capture growing regional and international demand for independent terminalling facilities and management. Initially, HTL has an authorized capital of $50mn, wholly owned by ENOC. But the intention later is to open it up to large investors, and float it on the Dubai Financial Market within...
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