Adnoc signs carbon capture deal with Eni

  • Date: 21-Jan-2020
  • Source: Trade Arabia
  • Sector:Economy
  • Country:UAE
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Adnoc signs carbon capture deal with Eni

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 utilization and storage (CCUS), where Adnoc is an industry leader.. The agreement also covers additional strategic opportunities in research and development (R&D) across the oil and gas value chain.. 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.. The two partners also agreed to assess additional strategic opportunities for collaboration in R&D that can potentially optimise performance, drive efficiencies and unlock greater value for both companies.. The potential for collaboration in R&D closely aligns with Adnoc's strategy to drive innovation and seek new advanced technologies to enable it to maximize value from every barrel of oil it produces and deliver the greatest possible returns to the United Arab Emirates (UAE)..