Italian firm Eni has signed a memorandum of understanding (MoU) with Tatweer Petroleum to boost collaboration in the energy sector.
Under the strategic collaboration, Eni will work with Tatweer to jointly assess and launch new initiatives in the fields of renewable energy, liquefied natural gas (LNG) supply and oil and gas exploration.
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Eni noted that the renewable energy sector will be an area of particular interest considering the potential business opportunities it offers to Bahrain.
Tatweer Petroleum CEO and Bahrain Oil Minister Shaikh Mohamed bin Khalifa said: “This MoU will allow for further discussion on collaboration between Tatweer Petroleum and Eni, including the sharing of experience, expertise, and support on renewable energy, LNG supply, and exploration activities.”
Shaikh Mohamed added that the Kingdom of Bahrain is keen to partner on joint projects and exchange project ideas and other innovations on the oil and gas development programmes.
Eni and Tatweer aim to target a more sustainable and efficient energy combination to meet the future energy needs of Bahrain.
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By GlobalDataEni CEO Claudio Descalzi said: “This MoU 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.
“In order to ensure long-term sustainability, Eni promotes the development of renewable energy and conducts scientific and technological research.”
Last year, Eni began its operations in Bahrain. The company’s presence in the Middle East includes current exploration acreage in the UAE, comprising an onshore field in Sharjah and offshore areas in Abu Dhabi and Ras Al Khaimah.
