Eni and Tatweer Petroleum Sign an agreement to explore new areas for collaboration in renewable energy, LNG and exploration

Rome, Feb.4 (BNA): HE Shaikh Mohamed bin Khalifa Al Khalifa, Minister of Oil and Chairman of Tatweer Petroleum, and Claudio Descalzi, Chief Executive Officer of Italian oil and gas company Eni, today signed an agreement to explore new areas for collaboration during a high-level visit to the Italian Republic led by His Royal Highness, Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander, and First Deputy Prime Minister. The agreement will facilitate joint assessments as well as the launch of new initiatives in areas of mutual interest, including renewable energy, the supply of Liquefied Natural Gas (LNG) supply, and exploration. HE Shaikh Mohamed recognised the delegation’s visit as a platform to further expand investment opportunities in the energy sector, and underlined the benefits of further increasing the exchange of expertise as a means to advance the Kingdom’s oil and gas sector. On this note, HE Shaikh Mohamed highlighted the close ties between Eni and the National Oil & Gas Authority, noting their collaborative efforts have helped develop Bahrain’s petroleum industry. Eni’s CEO, Claudio Descalzi, commented: “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.”