ADNOC agrees deal with Italy's Eni company

WAM

Italian oil and gas group Eni has announced it will cooperate with Abu Dhabi National Oil Co (ADNOC) on energy transition projects.

State-controlled Eni said that together with ADNOC it would explore opportunities in renewable energy, blue and green hydrogen and carbon dioxide capture and storage.

The two companies will also work on reducing greenhouse gas and methane gas emissions, as well as routine gas flaring.

Italy on Saturday signed a declaration of intent with UAE climate envoy and designated president of the COP28 climate summit Sultan Ahmed Al Jaber, who last month pledged to lay out an inclusive and innovative roadmap to tackle global warming.

"We found our partners extremely open and attentive to the priorities on our agenda," Meloni said.

Meloni said the UAE was particularly interested in Italy's energy policy in Africa, which was discussed on Saturday alongside topics such as the stabilisation of Libya and financial situation in Tunisia, which have an impact on migration flows.

More from Business

Coming Up on Dubai Eye

  • Nights on Dubai Eye 103.8

    10:00pm - 11:00pm

    Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.

  • Nights on Dubai Eye 103.8

    11:00pm - 10:00am

    Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.