Emirates National Oil Company (ENOC) imports oil from Qatar
ENOC replaces sanctioned Iran oil with Qatari supplies
Emirates National Oil Company (ENOC) has started importing condensate from Qatar to replace sanctioned Iranian oil, according to the Dubai government-owned company
“ENOC has already started importing condensates from Qatar to meet the current local market demand,” ENOC said in a statement.
“With oil price volatility continuing to have a bearing on financial bottom lines, along with increased demand for petroleum products and the shortage of imported condensates from Iran because of the applied economic sanctions, we are evaluating various sources for condensate for our refinery.”
ENOC has now begun importing the light oil from Qatar.