Dubai – Mubasher: The UAE’s demand for gas, oil, diesel, and jet fuel has risen by 6% in 2016 compared to a year earlier, according to a statement.
Higher demand contributed to growing fuel sales across key industries such as aviation, road, and transport.
“With the latter part of 2016 seeing oil prices steadying globally, ENOC Group’s energy business has seen significant growth, especially for its diesel oil and aviation fuel products in both domestic and international markets,” according to Saif Humaid Al Falasi, group CEO of ENOC.
"Domestically, even though the UAE witnessed a drop in its 2016 GDP by 2.3% due to lower consumer spending and weak investment sentiments, we performed well," he noted.
The company is expected to perform better in 2017 as the GDP is expected to rise marginally to 2.5%, spurred by a minor recovery in oil prices, Al Falasi added.
