July 02, 2018 [Gulf Business] - The group has signed an aviation technical and marketing services agreement with Raven Energy. Dubai oil company ENOC has signed an aviation technical and marketing services agreement with Raven Energy, to support its jet fuel supply operations in Nigeria.
Raven Energy is part of the Raven Resources Group, which has diversified business operations in oil and gas trading, risk management, human resources consulting, and independent power plants.
ENOC has worked with local oil companies at international airports to supply jet fuel to its customers since 1995 and currently provides jet fuel to over 80 customers in 150 airports across 24 countries in Middle East, Africa, South East Asia and Europe.
The group’s international jet fuel sales volumes have reached 60 million US Gallons per year outside the UAE.
Saif Humaid Al Falasi, group CEO, ENOC, said: “Today, we supply in excess of 2.8 million US Gallon of jet fuel per day to a diversified portfolio of clients in the UAE and internationally.
“We hope to continue exploring future opportunities to elevate the aviation fuel infrastructure, while expanding capabilities in the African market.”
Over the last five years, ENOC’s aviation sector has seen over 70 per cent growth in its network. Along with jet fuel, the group also provides technical service assistance and aircraft liability insurance.
Locally, ENOC provides more than 55 per cent of Dubai International Airport’s jet fuel requirements, through its two pipelines linking its storage terminals in Jebel Ali to the airport.
The group has also announced plans to extend a 16-kilometre jet fuel pipeline to the new Al Maktoum International Airport in Dubai, to meet the expected increase in traffic.
The construction of the pipeline is expected to be completed in 24 months and it is projected to be operational in the first quarter of 2020.
When completed, the pipeline will carry 2,000 cubic metres of jet fuel per hour to Dubai World Central (DWC).
DWC is expected to become the world’s largest airport with an annual capacity exceeding 220 million passengers and 16 million tonnes of cargo.
With the new pipeline, ENOC will be able to meet 60 per cent of Dubai Airport’s combined demand in 2050.
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