Dhabi – Mubasher: Emirates National Oil Company (ENOC) stressed on Wednesday that it has no plans to launch an initial public offering (IPO), according to CNBC Arabia.

This announcement followed some reports regarding ENOC’s plan to launch an IPO on the UAE’s markets, CNBC Arabia reported.

ENOC reported positive results and showed resilient performance during the decline in the prices of oil and gas by the aid of financing resources diversification, the US-based news channel concluded.