Content-type: text/html Middle East banks back Emirates National Oil - GTR International trade and export finance
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Middle East banks back Emirates National Oil

Last Updated June 27, 2012

Emirates National Oil Company (ENOC) has secured a 10-year US$100mn Islamic term financing facility from Standard Chartered Bank, Emirates NBD and Noor Islamic Bank.

The facility will finance the construction of a second 60km jet fuel pipeline from the new bulk liquid petroleum terminal in the Jebel Ali Free Zone to Dubai International Airport. It will also help to build a storage tank farm which has 141,000 cubic metres of capacity.

ENOC is the single largest supplier of jet fuel at Dubai International Airport. The company has the capabilities to supply more than 70 airports across the Middle East and Asia-Pacific regions.
International Law firm Pinsent Masons advised ENOC on the deal.
 



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