Tristar, a fuel transport company and an 80% owned subsidiary of Agility Public Warehousing Company KSC, and Emirates National Oil Company (ENOC), a diversified entity and leading retailer of fuel in the UAE, has set up a 50:50 joint venture in Saudi Arabia focused on specialized logistics services for the Kingdom’s petroleum and petrochemical sectors.

With an initial capital outlay of SAR 30 million, the new ENOC-Tristar JV will operate a fleet of 50 vehicles this year for supporting the logistics requirements of the oil, gas and chemicals sector in the Kingdom.

However, Agility can’t assess at this time the impact of this partnership on its financials.

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