Supply & Trading, ENOC's trading nerve centre, procures a cost-effective and uninterrupted supply of feedstock for the refinery as well as the MTBE plant, while identifying and establishing new international business opportunities.
An important function of Supply & Trading is to meet the supply requirements of ENOC's other business segments, such as Retail and Marketing, either from refinery production or through imports. Moreover, Supply & Trading also finds marketing outlets, through exports, for the surplus refinery production.
Responsible for gauging demand in both local and international markets, STP operates the supply of midstream and downstream gas products to ENOC/EPPCO retail network, local and regional airports as well as industrial sectors.
Strategic partnerships with governments, international oil companies and traders allow STP to identify and build a wide range of global business opportunities.
In 1999, ENOC started its trading operations in Singapore through Emirates National Oil Company (Singapore) Private Limited (ENOC Singapore). ENOC Singapore leverages its position in the global trading hub of Singapore to involve itself in the trading of oil products and the procurement of refinery feedstocks in international markets. It also conducts price risk management to mitigate risk for STP, as well as other ENOC segments such as Marketing.