BAKU, Azerbaijan, Feb.4
By Leman Zeynalova – Trend:
Italy’s Eni company has entered into an agreement with Bahrain to enhance collaboration in the energy sector, by facilitating the joint assessment and launch of new initiatives in areas of mutual interest, including renewable energy, LNG supply and exploration, Trend reports citing Eni.
In the LNG (Liquefied Natural Gas) sector, the collaboration will target a more sustainable and efficient energy mix to meet Bahrain’s future energy needs, said the company.
Eni’s CEO Claudio Descalzi noted that this agreement clearly demonstrates Eni’s commitment to expanding its presence in Bahrain while pursuing Eni’s overall decarbonisation strategy, and forms part of the company’s transition towards green energy and the circular economy that has been underway since 2014.
“Eni aims to support the increase of low carbon energy sources in countries where it operates. In order to ensure long-term sustainability, Eni promotes the development of renewable energy and conducts scientific and technological research.”
Eni began operating in Bahrain in 2019, with one offshore exploration license. The current exploration acreage in the Region includes in the UAE onshore areas in Sharjah and offshore areas in Abu Dhabi and Ras Al Khaimah. In Abu Dhabi Eni also has three offshore development and production concessions and current equity production amounts to approximately 50,000 bbl/day. Eni is also a shareholder with a 20 percent equity interest in ADNOC Refining. In the Middle East, Eni is also active in Oman, Lebanon and Iraq, where it undertakes both exploration and development activities.
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