ENOC Group Achieves Strong Performance In 2024 With Global Expansion And Operational Efficiencies

ENOC Group, a prominent global energy entity, reported robust performance in 2024, showcasing progress in its five-pillar growth strategy. The company expanded services to over 129 million customers through more than 200 service stations across the UAE and operates in over 60 countries worldwide.

Saif Humaid Al Falasi, Group CEO of ENOC, stated, "Building upon the strong foundation laid by our future-focused growth strategy, ENOC Group is accelerating its commitment to a sustainable energy future. Our 2024 performance is a direct result of our continued focus on driving operational efficiencies, embracing digital technologies, and expanding our global reach. The Group’s achievements, particularly in areas like renewable energy solutions and operational cost reductions, reflect the continued momentum towards driving value for all our stakeholders as we contribute to the ambitious sustainability goals of Dubai and the UAE."

A significant factor in ENOC's success was its strategic global expansion. The company operates in over 60 markets and completed the Horizon JPUT Pipeline in Singapore. In 2024, ENOC expanded its lubricant business into more than 10 new markets. Its marine lubricants are now accessible at over 400 ports globally.

The Group continues to seek new opportunities and strengthen partnerships to support long-term growth. This approach solidifies its position as a leading global energy player.

In efforts to enhance the UAE's retail fuel infrastructure, ENOC launched nine new service stations nationwide in 2024. Tasjeel celebrated its 25th anniversary by opening six new sites. Additionally, four new ENOC Link Smart Stations were added to bolster the network.

ENOC's dedication to service excellence under its 'Think Customer' strategy earned it 15 prestigious awards. These accolades highlight the Group’s reliable and efficient offerings.

Sustainability Initiatives and Operational Efficiencies

ENOC is advancing sustainable air travel by supplying 1.17 billion US gallons of jet fuel across over 300 airports in 28 countries. Since 2014, their Energy and Resource Management initiatives have saved over AED395 million and prevented more than 703,000 metric tonnes of emissions.

The Group achieved significant operational efficiencies in 2024 while maintaining workplace safety goals. They recorded 20 million safe man-hours without lost-time incidents, reaching a cumulative total of 115 million safe man-hours from 2018 to 2024.

Innovation Programme Success

ENOC's culture of innovation led to a strong response to its Innovation Programme. From the 1,593 ideas submitted, they implemented 138 ideas that generated AED99.2 million—a financial gain increase of 400%.

Emiratisation and Leadership Development

The Group achieved an impressive Emiratisation rate of 52% last year with full Emiratisation at the Executive level and an 80% rate at Senior Management levels. Investments in leadership training saw programs like LeaderSHIFT benefit participants, aligning with national development goals.

With inputs from WAM