ENOC announce new joint venture in Saudi Arabia | GulfNews.com:
"Emirates National Oil Company (ENOC) has announced it will set up a new joint venture in Saudi Arabia with Dubai-based Tristar Transport.
Details emerged in a joint press release on Monday that stated the new venture would specialise on logistic services for Saudi’s petroleum and chemical sectors.
The new ENOC-Tristar venture will launch with an initial capital of SAR 30 million (Dh29,400 million) and target a fleet of 500 vehicles by 2017.
The venture will also operate warehousing facility storage for oils and chemicals, and an ISO tank cleaning facility."
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