- QatarEnergy selects Nakilat to own and operate 25 conventional LNG vessels
- The joint development of the Dorra field between Saudi Arabia and Kuwait is pending the demarcation of the border with Iran
- Minister of Energy reaffirms the UAE’s commitment to adopting clean energy and supporting the Paris Agreement
- The new Hassi Messaoud refinery enjoys the support of the government and President Tebboune
- Increasing electrical interconnection capacities to export electricity beyond borders
- Qatar Energy stops sending liquefied gas tankers through the Red Sea for security reasons
- The inauguration of the Duqm Refinery, the largest joint Gulf project in the refinery sector
- Saudi oil exports are faltering due to Houthi attacks on ships in the Red Sea and Gulf of Aden
- Algeria to host and chair the Gas Exporting Countries Forum summit (February 29 to March 2, 2024)
- Egypt Energy Conference and Exhibition 2024 gives a strong impetus to the global energy dialogue
UAE: MOU between the UAE’s “Mubadala Petroleum” and the Italian “Eni” for a partnership in reducing emissions
The UAE’s “Mubadala Petroleum” owned by the Abu Dhabi government’s sovereign wealth fund has signed a memorandum of understanding with the Italian energy company Eni, in the field of energy sector transformation to reduce carbon emissions.
Mubadala Petroleum will look for joint opportunities with Eni in the Middle East, North Africa, Southeast Asia and Europe.
It is worth noting that the new trends of international energy companies and the Gulf oil-producing countries focus on diversifying energy sources so that their effects become less harmful to the environment within the framework of their commitment to confront climate change.
Mubadala Petroleum stated that this partnership comes within the framework of its focus on a business portfolio that relies on natural gas, which constitutes two-thirds of its assets, and indicated its success in reducing the level of greenhouse gas emissions by 25% during the past three years.
On the other hand, in a separate statement to the Italian company, Claudio Descalzi, CEO of Eni, said: “We will work with our strategic partner, Mubadala Petroleum, to find ways to achieve common global decarbonization goals.”
