12 Jun 2019, Gergana Bencheva, EMIS Editor
Enoc secures USD 690m loan from Chinese banks
The consortium involves China's top three banks in terms of size, assets, and profits, namely the Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China, and China Construction Bank.
Enoc plans to use the loan to finance corporate purposes as it continues to grow through its divisions such as in exploration and production, terminals, fuel retail, and petroleum products. The company is also in line with the global shift towards alternative energy, innovation, and digitisation, Bidsinfo News added.
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