Horizon Terminals Limited (HTL) was incorporated in 2003 as a limited liability company in Bahamas. The current authorized share capital is US$200 million. HTL is wholly owned by ENOC Group, a company owned by The Government of Dubai. With an increase in demand in the bulk liquid terminalling business, Emirates National Oil Co. LL (ENOC) created HTL in order to consolidate its existing terminalling investments, and expand the business globally. HTL was able to expand from its terminals in UAE and Saudi in 2003 to its current locations which include the Far East and Africa. The current locations comprise: » UAE » Saudi » Singapore » Djibouti » Morocco