Mubadala Petroleum has signed a MoU with Italian oil and fuel main Eni to establish cooperation alternatives within the power transition sector, together with the fields of hydrogen and carbon seize, utilisation and storage that align with their respective decarbonisation targets
The scope of the cooperation covers potential joint alternatives within the Center East, North Africa, southeast Asia and Europe and different areas of mutual curiosity. (Picture supply: Mubadala Petroleum)
The scope of the cooperation covers potential joint alternatives within the Center East, North Africa, southeast Asia and Europe and different areas of mutual curiosity.
The partnership is consistent with Mubadala Petroleum’s proactive method to environmental, social and governance (ESG) issues and its power transition targets.
This consists of pursuing a gas-weighted portfolio technique that has seen the corporate’s asset base attain virtually two thirds pure fuel, whereas lowering inexperienced home fuel emissions by 25% within the final three years.
The settlement was signed by Mubadala Petroleum’s CEO, Mansoor Mohamed Al Hamed and Eni’s chief working officer of pure sources Alessandro Puliti.
The signing was witnessed by Khaldoon Khalifa Al Mubarak, managing director and Group CEO of Mubadala Funding Firm and Claudio Descalzi, CEO of Eni.
