Emirates National Oil Company
(ENOC) Africa has won a competitive tender to import fuel as a part of
the Petroleum Bulk Procurement System (BPS) and is preparing to expand
of its Tanzania oil program.The
original tender attracted six oil companies including five foreign and
international companies, but was awarded to ENOC Africa whose quoted
offer of USD 45.771 per Metric Ton (MT) was the most beneficial to
Tanzania traders and consumers.
In a statement to The Daily News
Tanzania, the ENOC Africa Managing Director, Arshid Esmail indicated
that over the next year, the company is planning to invest heavily in
Tanzania and other East African countries
“ENOC Africa takes note
of the steadily increasing trend of economic development of Tanzania
and East African region in the next few years, and recognizes the need
for state-of- the-art storage facilities, at industry affordable costs
for the wholesalers, in the region,” he said in the Daily News report.
Mr.
Esmail went on to indicate plans for the oil company to build storage
facilities across Tanzania, Uganda, Rwanda, Burundi, DRC, Zambia, and
Malawi in a move that will secure sustainable reserves for Tanzania and
its neighboring countries to support the domestic needs of the country
as well as its wholesale exports.
ENOC Africa is a part of the
ENOC Group through a joint venture between Petro (T) Limited and Dubai's
ENOC Supply and Trading LLC (ESTC) which produce an annual turnover of
USD 15 billion in revenue from operations in oil and gas trading an in
refining and retailing. |
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