Eni and the Abu Dhabi National Oil Company (ADNOC) have signed a memorandum of understanding (MoU) to work on future renewable projects.
Through this agreement, the pair will explore potential opportunities in renewable energy and green hydrogen, in order to reduce greenhouse gas and methane emissions.
The partnership will also support improving energy efficiency, routine gas flaring reduction and the Global Methane Pledge, to support global energy security and a sustainable energy transition.
In addition, they will evaluate areas of cooperation for sustainable development and promote the spread of a culture of sustainability within the energy industry and its stakeholders.
Eni chief executive Claudio Descalzi said: “This agreement leverages the strategic relationship that Eni and ADNOC developed over the years, to strengthen our cooperation for decarbonisation and a just energy transition.
“It comes at a crucial time, in a difficult international juncture and in view of the upcoming COP28, where the UAE, as hosting country, are expected to set out their vision for a clean energy transition agenda.”
Eni has been present in Abu Dhabi since 2018.
With significant capital projects portfolio in UAE, Eni is one of the main international companies in the country, it said.