Public Warehousing Co. (Agility) with Emirates National Oil Company (ENOC)

Public Warehousing Co. (Agility) announced that its unit Tristar Transport, a Dubai-based multi-modal liquid logistics service provider with a global network, has joined hands with Emirates National Oil Company (ENOC), a diversified entity and leading retailer of fuel in the UAE, to set up a new joint venture (JV) in Saudi Arabia focused on specialised logistics services for the Kingdom’s petroleum and chemicals sectors.

[tbpspa]

With an initial capital outlay of SAR30 million, the new ENOC-Tristar JV will initially operate a small fleet of vehicles this year for supporting the logistics requirements of the oil, gas and chemicals sectors in the Kingdom.Envisaged as a self-contained logistics facility, the JV plans to expand its fleet strength to 500 vehicles by 2017.

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