Enoc denies report on petrol station takeover
Dubai, July 5, 2011
Dubai's Emirates National Oil Co (Enoc) has categorically denied a report that said Abu Dhabi National Oil Company (Adnoc) is set to take over the operations of the Enoc and Eppco petrol stations in the northern emirates.
Gulf News, citing sources in the oil sector, had said the UAE's government planned to cancel licences of Enoc and its arm Eppco and allow Adnoc to take over the stations due to fuel shotage in the northern emirates for over a month.
“It is extremely disappointing that the newspaper has seen it fit to publish a report, which is totally baseless, speculative and unverified,' said an Enoc spokesperson in a statement.
“Enoc reiterates that there has been no expression of interest by any organisation on taking over the operations of the company’s retail outlets. The concerned authorities are actively discussing the matter of fuel distribution in the northern emirates,' the statement said. -TradeArabia News Service