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Saeed Abdullah Khoory

UAE, DUBAI - Energy & Mining

Reputation Preceding

Group CEO, Emirates National Oil Company (ENOC)

Bio

Saeed Abdullah Khoory is the Chairman of the Board of various joint ventures and subsidiaries within the ENOC group. He is an active member of the Supreme Council of Energy, a regulatory body that overlooks the development of the power and energy needs of Dubai. A graduate in Petroleum Engineering from the University of Tulsa, Saeed Abdullah Khoory started his career with the Abu Dhabi National Oil Company (ADNOC). He is currently Group CEO of the Emirates National Oil Company (ENOC).

ENOC announced plans in 2012 to increase its capacity and, among other projects, construct a 60-kilometer fuel pipeline from the Jebel Ali Free Zone to Dubai International Airport. What are […]

ENOC announced plans in 2012 to increase its capacity and, among other projects, construct a 60-kilometer fuel pipeline from the Jebel Ali Free Zone to Dubai International Airport. What are the drivers behind this growth?

The aviation sector is one of the core growth drivers of the Dubai economy. Today, Dubai International Airport is the world’s second busiest, while the aviation sector at large contributes to over 28% of the Emirate’s GDP, in addition to supporting over 250,000 jobs. ENOC has been a leading provider of jet fuel oil to several leading airline companies. Today, with Dubai’s strong reputation as a global hub in the aviation industry, and demand for jet fuel increasing to meet the vast network of carriers linking the city to several international destinations, it is imperative that we further support the sector through our investment in the new oil terminal at the Jebel Ali Free Zone. With a storage capacity of over 141,000 cubic meters, the terminal has a 60-kilometer jet fuel pipeline linked directly to Dubai International Airport. In addition to directly supporting the aviation sector, the new facility will also complement Dubai’s strategic plan, which aims to welcome over 20 million visitors by 2020.

The Supreme Council of Energy is focused on securing the future of Dubai’s energy sector by adopting the Dubai Integrated Energy Strategy 2030. What recent reforms has the government put in place to promote sustainable growth?

ENOC has been at the forefront in driving the sustainable development agenda of Dubai, in line with the Dubai Integrated Energy Strategy, and the vision for a green economy of sustainable development announced by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice-President and Prime Minister, and Ruler of Dubai. At ENOC, we are committed to supporting the strategy by focusing on the manufacturing and distribution of cleaner and greener fuels, which will not only reduce the dependence on traditional fuel resources, but also contribute to a healthy and sustainable environment.

What new initiatives at ENOC are you most excited about?

Personally, I am excited about all the strategic growth initiatives that are currently being rolled out by ENOC. I strongly believe that it is important to take a personal interest, and be passionate about the organization. In addition to ongoing work on the new terminals, I am also looking forward to the completion of the CNG project, which will further highlight our thought leadership in environmental sustainability. I am also focused on various human capital development initiatives that are being undertaken by ENOC, including the thrust toward Emiratization. Over the years, ENOC has consistently focused on creating new jobs for Emiratis, as well as building the talent of our young professionals through our comprehensive National Development Programme. ENOC’s diversified businesses offer talented Emiratis a solid platform for personal and professional growth. Developing the skills of our nationals plays a key role in further supporting the UAE toward achieving its Vision 2021 goal of being among the best nations in the world.

What opportunities could entering markets such as East Asia, the Middle East, and Africa bring to ENOC?

The Middle East, Africa, and Southeast Asia have several fast-growing markets that serve as a perfect fit for ENOC’s growth strategy. We see opportunities across all our business segments, from setting up terminals in countries such as Djibouti and Morocco, to trading in oil, and the marketing of products such as lubricants and jet fuel. We also see tremendous opportunities in expanding our marketing business and taking our highly successful ZOOM retail chain to such growing markets. In fact, we have already signed a joint venture agreement with Aldrees Petroleum & Transport Services Company (Aldrees), one of Saudi Arabia’s largest petroleum retailers and commodity hauling companies, to set up service stations in different locations across the Kingdom.

How is the focus on sustainability set to boost the energy industry?

There are two key aspects to promoting sustainability in the energy sector. One is that it encourages the industry to be more focused on strengthening operational efficiencies, thus conserving precious natural resources. Secondly, it encourages innovation and motivates the industry to consider alternative, renewable sources, thus bringing about a more diversified energy mix.

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