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DUBAI: The Emirates National Oil Company (ENOC) said it was investing about 250 million dirhams ($68.06 million) of its 2021 expenditure in improving its digital infrastructure.
The move will optimize the oil giant’s operations, it said in a statement, as it attempts to shift gears to a more customer-centric approach.
“While increasing our market share remains a priority, we are focused on strengthening our business to ensure that we have the capabilities to face any future challenges,” ENOC Chief Saif Humaid Al-Falasi said.
The COVID-19 pandemic has accelerated digitization efforts across the globe, especially in crucial industries to ensure continuity of operations despite the crisis-induced restrictions.
DeSmog
Dec 13, 2019 @ 08:25
Gulf states have sent at least 42 current or former employees of the fossil fuel industry to the UN climate summit in Madrid as part of their official delegations, DeSmog analysis shows.
More than half of the delegation from Kuwait and almost a third of Saudi Arabia’s representatives attending the Madrid meeting, known as COP25, are associated with the oil and gas industry. The United Arab Emirates, Bahrain, Oman and Qatar collectively sent at least 16 delegates associated with the fossil fuel industry.
Many of these affiliations were not declared on the official preliminary delegate list, provided by the UN.
Enoc to invest $68m in digital transformation
DUBAI, 1 hours, 54 minutes ago Enoc Group (Emirates National Oil Company) has unveiled its plans to invest AED 250 million ($68 million) of its overall 2021 expenditure towards further progressing its digital transformation strategy. Enoc’s growth strategy will place strong emphasis on enhancing its business and operations through digitalisation; which will play a key component in optimizing operations and identifying synergies within its businesses, while continuing to serve its main goal of meeting the growing energy demand in Dubai and the UAE. The primary focus of the Group’s strategy is to leverage its competencies across the energy value chain to identify new avenues for growth, while gearing its efforts on customer centricity, thereby enabling the growth of the UAE’s energy sector.
It made us re-evaluate our operations and urged us to adopt innovative measures to keep up with the fast-paced transformation that our sector is going through. Understanding the current market realities allowed us to introduce changes to emerge as an agile, resilient and future- ready organisation, he added.
Enoc, which has more than 11,000 employees in 60 markets, said in 2019 that it planned to double the number of its existing service stations by the end of 2021, and add new revenue streams from the launch of on-demand fuel retail.
The company launched an on-demand fuel service called Enoc Link in October 2019, which delivers fuel directly to clients. The service began by delivering fuel to commercial customers who may find it difficult to access regular service stations.