UAE Minister of State Sultan Ahmed Al Jaber and Abu Dhabi National Oil Company (ADNOC) Group CEO, and ENI’s CEO Claudio Descalzi, signed on 20 January in Abu Dhabi a Memorandum of Understanding for the joint development of research initiatives aimed at creating advanced technological solutions for the reduction, capture, usage or confinement (CCUS) of CO2 emissions at fields, ENI said,

adding that the agreement will also explore processes and technologies related to the business aimed at promoting the circular economy.

“We are pleased to sign this strategic framework agreement with ENI that builds on our successful partnerships across the oil and gas value chain. Importantly, the agreement underscores ADNOC’s targeted approach to value-add partnerships that is enabling us to unlock and maximize value from Abu Dhabi’s substantial hydrocarbon resources as we deliver our 2030 smart growth strategy,” Al Jaber said. We look forward to swiftly developing this framework agreement to another new mutually beneficial partnership with ENI as the agreement offers significant potential for exciting and sustainable growth opportunities.”

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