The Dubai Mercantile Exchange (DME) and Emirates National Oil Company (ENOC) subsidiary ENOC Supply ...
The Dubai Mercantile Exchange (DME) and Emirates National Oil Company (ENOC) subsidiary ENOC Supply & Trading LLC plan to explore the development of the first exchange traded jet fuel futures contract. The contract would be traded on the DME, which is currently seeking regulatory approval to be the Middle East's first energy futures exchange, based in the Dubai International Financial Centre. A joint task force will focus on combining the DME's industry expertise with ENOC's experience and infrastructure in the refining and marketing of jet fuel. The aim is that a contract should be ready for trading on the DME in 2007.
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