Enoc oil firm is launched

1993 - The launch of the Emirates National Oil Company Limited (Enoc), a Dhl00 million wholly-owned holding company of the Government of Dubai, was announced. Hussain Sultan, chief executive and board member of Enoc, said: “The need for such a company was evident for a long time. After a very careful study, the approval was given by Shaikh Hamdan Bin Rashid Al Maktoum, Minister of Finance and Industry.”