Adnoc and Eni sign strategic framework contract.
The Abu Dhabi National Oil Company (Adnoc) has signed a strategic framework agreement with Italy's energy company, Eni, to explore new opportunities for collaboration in carbon capture utilisation and storage (CCUS), and additional strategic opportunities in research and development (RandD) across the oil and gas value chain.
The agreement brings together two leading energy producers and harnesses their world-class talent and technologies to unlock value in areas of strategic importance to both companies while reinforcing their existing partnerships across the oil and gas value chain. It also builds on Adnoc's recently announced sustainability goals, particularly its commitment to decrease its greenhouse gas (GHG) intensity by 25 percent by 2030, enabled by its industry-leading CCUS program.
The framework agreement was signed by Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Adnoc group CEO, and Claudio Descalzi, CEO of Eni.
Dr. Al Jaber said: "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...
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