COMPANY PROFILE -Emirates National Oil Company (ENOC)
Business Sector :Energy, Retail services, Convenience Stores, Food
Operating Geography :United Arab Emirates, Middle East, Global
About Emirates National Oil Company (ENOC) :
Headquartered in Dubai, UAE, Emirates National Oil Company (ENOC) is a leading integrated, state owned global diversified energy group which operates in gas, coal industry and oil. Established in 1993, a wholly owned company of the government of Dubai, ENOC produced its first oil refinery of about 120,000 barrels per day. This multi- interest oil and gas company has operations in Dubai and Northern Emirates in UAE. The ENOC group consists of more than 30 related subsidiaries involved in storage, refining, aviation, retail and lubricant blending. The company processes, supplies and trades oil and gas products, as well as retails non-fuel and fuel services at retail stations. In April 2022, Emirates National Oil Company Group has been awarded with the Golden Peacock Award for sustainability. The other major awards and accolades received by Emirates National Oil Company Group (ENOC) are as follows- Dubai Gold Award for Quality, Transform Award Mena Bronze, Energy Sector Deployment of the Year Award and Corporate Social Responsibility Award. As of early 2022, the company employs approximately 10,222 people who serve around thousands of customers across 60 markets.
Emirates National Oil Company’s vision statement reads “To be an innovative energy partner, delivering sustainable value and industry leading performance.” ENOC’s mission statement reads “To deliver world- class sustainable and integrated energy solutions. We do so by striving for excellence in operations, innovation and happiness for our employees, customers and partners.” The Unique Selling Point or USP of ENOC (Emirates National Oil Company) lies in securing a leading position within the world’s supply chain and retaining monopoly within its own country. With a good work force the ENOC Group provides world-class customer service, latest technologies, latest innovations and best practices towards the UAE’s social and economic development.
Emirates National Oil Company (ENOC) Revenue :
Not disclosed
Competitive Analysis of Emirates National Oil Company (ENOC)
The SWOT analysis for Emirates National Oil Company (ENOC) is presented below in a matrix followed by the detailed analysis report:
Strengths | Weaknesses |
1. Operating across diverse business sectors like production & exploration, supply and trading, aviation fuel, fuel retail, lubrication, convenience stores, food and beverages etc.
2. Large daily production capacity of processing over 213,000 barrels per day.
3. Present across 60+ countries and has ground operations in 10 countries.
4. Expanding operations through partnerships and investment in new technologies.
5. Awarded and recognized for its sustainable development which places the future of the company in a better position.
| 1. Weak network of the company’s service stations outside the UAE
2. The energy business of the company is dependent upon only oil and gas which may affect it in the future. |
Opportunities | Threats |
1. To expand operations in the international market.
2. Compact and modern service stations are being set up and are set to grow in the future.
3. Expansion of service stations to set up charging stations for EVs.
| 1. Demand for switching to renewable energy resources may affect the oil business which forms majority of the company.
2. Supply disruptions can affect the global operations of the business.
3. Rise in the covid-19 cases in the future may affect the retail store businesses and demand for fuel.
|
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Detailed SWOT Analysis of Emirates National Oil Company (ENOC)
Strength
1. Operating across diverse business sectors like production & exploration, supply and trading, aviation fuel, fuel retail, lubrication, convenience stores, food and beverages, etc.: ENOC is a state run company which is operated by the government of Dubai and one of the leading producers of oil and gas in Dubai. It is involved in exploration and production, supply and trading, retail fuel station business. Besides these it is also involved in the international sales of aviation fuel, lubricants, natural gas etc. ENOC also does marketing for the international lubricant brands. It supplies fuel aviation to many countries like Egypt, Lebanon etc. ENOC has set up service stations in many parts of the UAE. It has more than 100 fuel service station in UAE and the numbers are rapidly increasing. ENOC also supplies oil for marine entities like boats. Other than the energy business ENOC has expanded businesses across automobile service industry, retail stores, food and beverages etc. The diverse business segment of the company provide strength to the company in expanding their operations.
The remaining section under "Strength" is available only in the 'Complete Report' on purchase.
Weakness
This section is available only in the 'Complete Report' on purchase.
Opportunity
This section is available only in the 'Complete Report' on purchase.
Threat
This section is available only in the 'Complete Report' on purchase.
The PESTLE analysis for Emirates National Oil Company (ENOC) is presented below in a table followed by the detailed analysis report:
Political | Economical |
1. UAE is reshaping its foreign policy and geopolitical strategy.
2. European countries are eyeing UAE oil and gas as replacement for Russia’s supply.
| 1. Global oil prices are rising due to many shocks to the world economy.
2. Shipping costs have increased due to pressure on supply chain and shortage of containers.
|
Social | Technological |
1. UAE residents are becoming increasingly considerable towards EVs.
2. Focus on scientific research and development initiatives to drive innovation
| 1. Oil companies are undergoing digital transformation to prevent disruptions after covid-19.
2. Retail automation is improving efficiency and benefiting customers.
|
Legal | Environmental |
1. UAE government is implementing new labour laws. | 1. UAE has joined Paris Climate agreement of reaching net zero emissions by 2050 in 2021.
2. The ‘Energy Strategy 2050’ of UAE aims to increase the contribution of clean energy to 50% by 2050.
|
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Detailed Pestle Analysis of Emirates National Oil Company (ENOC)
Political
1. UAE is reshaping its foreign policy and geopolitical strategy: UAE is a major oil economy that exports oil to the world. UAE has good relations with big economies like USA, Russia, China etc. To revamp its economy and attract investment UAE is making changes to its foreign policy and geopolitical strategies. UAE is boosting its trade partnership with the major economies and also tightening up is national security. UAE invited the Iranian president to visit the country, which will be first for any Iranian president. UAE is adopting a “No Problem, Policy” towards its neighbors. UAE is avoiding any type of involvement in disputes and is adopting dialogue policy. The changing foreign and geopolitical strategy may be a good sign for the businesses in UAE. Maintaining good relations with the neighbors will allow UAE to attract foreign investments and expand its companies to foreign markets. This will give opportunity to businesses like ENOC to complete their goals of growth in the international market.
The remaining section under "Political" is available only in the 'Complete Report' on purchase.
Economic
This section is available only in the 'Complete Report' on purchase.
Social
This section is available only in the 'Complete Report' on purchase.
Technological
This section is available only in the 'Complete Report' on purchase.
Legal
This section is available only in the 'Complete Report' on purchase.
Environmental
This section is available only in the 'Complete Report' on purchase.
Major Competitors :
- ADNOC
- Qaiwan group
- Gulf Petrochem
- YASREF
- EMARAT
- SNOC
Major Brands :
- Dragon oil
- DUGAS
- Auto Pro
- Tasjeel
- Popeye’s
- PAAVO’s Pizza
On purchase the Emirates National Oil Company (ENOC) SWOT and PESTLE Analysis PDF report will reach you within minutes. At rare times, a slight delay not exceeding 1 hour might be caused.
TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
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Check Out Analysis of Other Relevant Companies
References used in Emirates National Oil Company (ENOC) SWOT & PESTLE Analysis Report
1. About Us - https://enoc.com/about-us/enoc-at-a-glance?csrt=12325977334855304796
2. Fuel retailer ENOC plans to add 24 new service stations in the UAE in 2022 - https://www.arabianbusiness.com/industries/retail/fuel-retailer-enoc-plans-to-add-24-new-service-stations-in-the-uae-in-2022
3. The Reshaping of UAE Foreign Policy and Geopolitical Strategy - https://carnegieendowment.org/sada/86130
4. How much does shipping to the UAE (Dubai and Abu Dhabi) cost from the UK in 2022? - https://blog.pssremovals.com/shipping-to-uae-cost
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Emirates National Oil Company (ENOC) SWOT and PESTLE analysis has been conducted by Sushil Kumar Panda and reviewed by senior analysts from Barakaat Consulting.
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