VOL. XLV

No 30

29-July-2002

UAE

ENOC SetsUp LPG Marketing Venture In Djibouti

Emirates National Oil Company(ENOC), the holding company owned by the Government of Dubai, has entered intoa joint venture with the Government of Djibouti to set up ENOC Djibouti Ltd,which will initially supply LPG to the Djibouti market,where demand is estimated at some 36,000 12kg cylinders annually. Later on, thejoint Venture plans to supply the Djibouti marketwith other products, including lube oils.