PROFILE
In the Middle East, a region that continues to be dominated by fullyintegrated state-owned entities, independent terminal operators are few and far between. Horizon Terminals Ltd (HTL), created in April 2003 by parent company Emirates National Oil Co (ENOC) calls itself independent and, although 100%-owned by ENOC, is managed and operated as a separate entity. Headquartered within the ENOC Complex building in Dubai, United Arab Emirates, HTL was established to capture what ENOC's management saw as growing opportunities in the global storage arena. This year has seen a flurry of announcements from the company, either of brand new facilities, acquisitions or expansions of existing terminals, and HTL seems to be following its brief to the letter. “ENOC only had a few terminals which were either directly managed or where ENOC was only a sleeping partner,” says HTL's Chief Executive Officer Yusr Sultan. “The new holding company was established to enter the bulk liquid terminalling business on a global basis as it has been identified as an area of growth by the management of the Group.” Although it does store products (oil, chemicals and liquefied petroleum gas) for companies within the ENOC group in the UAE and abroad, its principal aim is to offer storage capacity to a wide range of customers, whether storage, blending or bunkering, in its focus locations.
