ENOC Team Group a Memorandum of Understanding (MOU) with Enemed, the state-owned gas distributor and distributor in Malta, to enhance teamwork for resources projects in Malta and also various other worldwide markets.
As component of the arrangement, ENOC Team will certainly explore development possibilities in Malta, as well as prospective locations of collaboration in between both companies. These plans are in line with the Team's efforts to expand its worldwide existence in fuel supply as well as circulation.
His Excellency Saif Humaid Al Falasi, Group Chief Executive Officer, ENOC, said: “Malta’s strategic location at the crossroads of some of the world’s busiest routes that carry over 120 million tonnes of oil products positions it as a global Mediterranean hub for shipping. This presents ample opportunity for us at ENOC to forge strategic partnerships to expand our global presence and strengthen our operations meet the increasing demand for fuel. Our partnership with Enemed will not only reinforce our growth plans in Malta, but will also strengthen UAE-Malta bilateral ties.”
Enemed Business Ltd, developed in September 2014, is a wholly possessed subsidiary of the state owned Petromal Firm Ltd. The firm is accountable for the import, distribution and wholesale of petroleum products including the aviation sector