Dubai's Emirates National Oil Company (ENOC) and Saudi fuel retailer AlDrees Petroleum & Transport Services Company have signed a joint venture agreement in Dubai to extend the Emirate's fuel distributor's footprint in the Kingdom to the tune of US$122 million. AlDrees is one of Saudi Arabia's largest petroleum retailers and commodity hauling companies with a network of more than 450 filling stations. The company serves a majority of the transport market and supply fuel to key accounts in both private and government sectors.
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