25 years of inspiring energy

25 years of inspiring energy

Annual Review 2017

Contents

Financial and operational highlights 4

Message from Vice Chairman

6

Board of Directors

8

Executive Management

10

ENOC at a glance

12

Global footprint

14

ENOC's journey

16

Business review

21

Message from Group CEO

22

Economic environment

24

Strategy26

Finance28

People

30

Corporate governance

33

Enterprise risk management

36

Code of business conduct

39

Operational review

41

Energy value chain

42

Exploration and Production (E&P) 44

Supply, Trading and Processing (STP) 46

Terminals48

Marketing50

Retail53

? Wider business

54

Sustainability review

56

Sustainability at our core

58

Energy and resource management 62

Corporate social responsibility

64

Green economy

66

ENOC Group legal entities

68

25 years of inspiring energy

Download Annual Review 2017

Annual Review 2017

Message from Vice Chairman

Message from Group CEO

TRUE TO OUR ROOTS AND OUR BELIEFS, OUR STRATEGIC DIRECTION FOR THE NEXT FIVE YEARS HAS A CLEAR FOCUS ON SUPPORTING THE DUBAI PLAN 2021 AND THE UAE ENERGY PLAN 2050.

Read more..

SUPPORTING VISION 2021, AND THE NATIONAL OBJECTIVE TO INSTITUTIONALISE ENERGY EFFICIENCY, HAS ALWAYS BEEN AN ENOC PRIORITY.

Read more..

Operational Review

Strengthening our endto-end value chain

ENOC's core energy business comprises exploration and production, supply trading and processing, storage terminals, fuel retail, aviation and specialised products. Complementary non-fuel activities include convenience stores, and automotive and fabrication services.

Annual Review 2017

150

Number of airports covered across 24 countries by

ENOC's aviation business and supply network

178

Number of retail sites by 2020

52.5%

Refinery expansion project to expand daily capacity by

52.5 percent

Financial and operational highlights Message from Vice Chairman Board of Directors Executive Management ENOC at a glance Global footprint ENOC's journey

Business Review

Message from Group CEO Economic environment Strategy Finance People Corporate governance Enterprise risk management Code of business conduct

Operational Review

Energy value chain

Exploration and Production (E&P)

Supply, Trading and Processing (STP)

Terminals

Marketing

? ENOC Aviation

? ENOC Products

Retail

? Wider Business

Sustainability Review

Sustainability at our core Energy and resource management Corporate social responsibility Green economy

ENOC Group legal entities

Download Annual Review 2017



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ENOC is a leading integrated international energy player, operating across the energy sector value chain.

As a wholly-owned entity of the Government of Dubai, ENOC owns and operates assets in the fields of exploration and production, supply and operations, terminals, fuel retail, aviation fuel and petroleum products for commercial and industrial use ? the Group is integral to the Emirate's success.

ENOC's general business operations include automotive services, non-fuel food and beverage retail, and fabrication services. Servicing thousands of customers in over 60 markets, the Group employs a workforce of over 11,000 employees and is deploying its world-class customer service, latest innovations and technologies, and best practices to empower the UAE's social and economic development.

ENOC Annual Review 2017

1

H.H. Sheikh Khalifa bin Zayed Al Nahyan

President of the UAE and Ruler of Abu Dhabi

H.H. Sheikh Mohammed bin Rashid Al Maktoum

Vice President and Prime Minister of the UAE and Ruler of Dubai

2

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum

Crown Prince of Dubai

H.H. Sheikh Hamdan bin Rashid Al Maktoum

Deputy Ruler of Dubai and UAE Minister of Finance

ENOC Annual Review 2017

3

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