Emirates National Oil Company (ENOC) plans a joint venture agreement with Tristar Transport to improve Saudi Arabia's petroleum and chemicals sector's services, according to a report in Arab News.

The application of the joint venture between the two companies will begin with offering a fleet of vehicles for gas and oil sectors during the current year, according to the report.

"The joint venture with Tristar Transport, an organization with proven credentials in the logistics sector, and ENOC's heritage in the oil and gas retail business are an ideal fit to offer world-class services in the Kingdom"s fast-growing oil, gas and chemicals logistics sectors," said Saeed Khoory, CEO of ENOC, in the Arab News report.