ENOC implements comprehensive code of business conduct

Emirates National Oil Company (ENOC) has begun the global implementation of its “Code of Business Conduct,” a comprehensive set of guidelines that promote the highest standards of ethical business. The customized Code of Business Conduct was created for Horizon Terminals Limited (HTL) and introduced at its Singaporean arm, the Horizon Singapore Terminals Private Limited (HSTPL). The code was presented to the company’s partners, stakeholders and employees at a ceremony held in Singapore.
HSTPL is located at Jurong Island, which is the petrochemical hub of Singapore and is considered the world’s top bunkering port by volume. The company’s terminal provides for the storage, handling, as well as blending requirements of national oil companies, oil majors, traders and bunkering companies. It is designed for multi-berth discharge and loading operations which maximize throughput capacity for its clients.
During the presentation ceremony, Saeed Abdullah Khoory, ENOC chief executive officer, said: “With ENOC making strategic global growth, especially through our business entities such as Horizon Terminals Ltd., it is important that we uphold the top-notch standards in doing business across all our markets. As a wholly-owned company of the Government of Dubai, we are committed to uphold integrity and best ethical practices in all our operations regionally and globally.”
The code focuses on the core values that are integral to all of ENOC’s operations: team work, integrity, transparency, respect and customer focus. It outlines, among others, the company’s approach towards fair treatment, the environment, health & safety (EHS) standards, quality, workplace conduct, conflicts of interest, business courtesies, intellectual property, information use, trademarks and records management.
ENOC has also launched other initiatives that support the implementation of the code, including the setting up of an Ethics Hotline and establishing the Business Ethics Committee. (October 1, 2012)