ADNOC and ENI strengthen cooperation in sustainability sectors
In a bid to accelerate the transition to a low-carbon future, UAE’s Abu Dhabi National Oil Company (‘ADNOC’) and Italian oil & gas group, ENI, have signed a Memorandum of Understanding (‘MoU’) aimed at enhancing cooperation in the field of emissions reduction, new energy technologies, and low-carbon solutions.
The MoU, which outlines a framework of cooperation for future joint projects on energy transition, sustainability and decarbonization, was signed in the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, Italian Prime Minister Giorgia Meloni and President of the Council of Ministers.
The partnership seeks to strengthen the long-term strategic relationship between the two entities while also contributing to energy security and promoting low-carbon economic and industrial growth.
Under the agreement, the two companies will collaborate on various initiatives including reducing carbon emissions through the use of cutting-edge carbon capture, utilisation, and storage technologies. They will also work together to enhance energy efficiency and make joint investments in green hydrogen, renewable and clean energy.
In addition, the two companies will evaluate areas of cooperation for sustainable development and promoting the spread of a culture of sustainability within the energy industry and its stakeholders. By joining forces, these companies are set to make significant strides in the fight against climate change while also promoting sustainable development and economic growth.
ADNOC’s chief legal counsel, Salem Mohammed Al Darei (pictured) heads the legal department.