VOL. XL

No. 04

27-January-1997

UAE

Dubai's ENOC And Caltex Set Up Lubricants Company

The Dubai government-owned Emirates National OilCompany (ENOC) and Caltex announced on 14 January that they had set up a joint company toproduce and market engine oil and lubricants in the UAE. The new company - EPPCOLubricants - has acquired a lubricating oil plant in Dubai owned by Caltex. ENOC wasestablished at the end of 1993 by the Dubai Government with a fully paid up capital ofDh100mn ($27mn) to promote...