Dubai, UAE – ENOC Group on Thursday unveiled its five-pillar long-term growth strategy after having recorded its best performance ever in 2022 in its three-decades-long history of growth.
Under the pillar of ‘Proactive Improvement’, the Group, which recorded a 60 percent increase in EBITDA last year in comparison to 2021, will closely monitor its businesses to strengthen competitiveness.
From its refinery, terminals, retail stations and more, the group will grow its capabilities through the pillar of Asset Optimization that aims to maximize value realized across its range of operations.
As part of its Think Customer pillar, ENOC aims to further introduce customer-focused initiatives and drive retail expansion.
To foster a culture of ‘One ENOC’, the ‘Integrated Value Chain & Growth’ pillar will pave the way for collaboration as one team across all the value chain.
The fifth pillar of ‘Diversified Energy Solutions’, will help deliver on ENOC’s sustainable vision to meet the clean energy demands of the future.
ENOC Group’s Strata marine lubricants arm recorded a 350 percent sales growth in the last two years. The Group also announced its partnership with Tfe Intermediacao De Negocios Ltda to distribute lubricants in Brazil.