United Arab Emirates Minister of country Sultan Ahmed Al Jaber and Abu Dhabi National Oil firm (ADNOF) Group Chief Executive Officer, and the Chief Executive Officer of Eni, Claudio Descalzi, finalized on January, 20th in Abu Dhabi a Document of Consideration for the mutual well-being of research creativities intended to generate latest technological explanations for the lessening, detention, treatment or captivity of carbon dioxide releases at fields, ENI stated further that the deal will as well discover procedures and innovation regarding the industry intended to endorse the circular economy.
We are delighted to finalize this planned framework contract with ENI that constructs our fruitful associations throughout the oil and gas value chain. Significantly, the deal underlines ADNOC’s directed tactic to value-add associations that are allowing us to reveal and increase value from Abu Dhabi’s considerable hydrocarbon inputs as we offer our 2030 keen development plan, Al Jaber stated. We are eager to speedily enhancing this framework deal to another new jointly valuable company with ENI as the deal provides important potential for thrilling and long-term development opportunities.
For his role, Descalzi stated, this MoU additionally explains ENI’s resilient commitment to firming the Italian organization’s vital alliance with ADNOC, such a crucial factor, and producing optimistic influence across ENI’s value chain. Both organizations will work together to follow new mid-term resolutions meant to lead the current energy evolution in accordance with Eni’s de-carbonization plan intended to attain net 0 releases in its upstream business by 2030 and ADNOC’s currently declared its long-term objectives. This is a complete teamwork that will also reinforce the partnership between the 2 organizations by scheming technological routes for the development and alteration of the upstream and downstream dealings, stated Descalzi.