INVESTMENT WATCH- BP wasn’t the only one pledging new investments, as Dubai-based Emirates National Oil Company (Enoc) said yesterday it is eyeing new investment in Egypt through its wholly-owned subsidiary Dragon Oil, according to the National. “Investing in Egypt’s market, the third largest in Africa, complements our business strategy to go beyond the UAE and our commitment to industry-leading performance,” said Enoc group CEO Saif Al Falasi. Dragon Oil, which fully owns the East Zeit Bay offshore concession south of the Gulf of Suez. Enoc currently sells lubricants, greases, petrochemicals and aviation fuel to the Egyptian market and has plans expand its product offering here.

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