Mohamed bin Khalifa bin Ahmed Al Khalifa, Minister for Bahrain’s oil and Chariman of Tatweer Petroleum, and Eni’s CEO, Claudia Descalzi, have recently signed an MoU. The ceremony was also attended by the Prince of Bahrain, Salman in Hamad Al Khalifa.
The agreement will 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.
In accordance with Bahrain’s national energy plan, renewable energy will be an area of particular interest in order to consider potential business opportunities. In the LNG sector, the collaboration will target a more sustainable and efficient energy mix to meet Bahrain’s future energy needs. Eni’s knowledge will also be leveraged to evaluate further exploration opportunities.
Shaikh Mohamed noted: “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.
Bahrain is keen to collaborate on joint projects and exchange ideas and experiences in common areas related to development programs in the oil and gas sector, as well as the energy sector.”
Eni’s CEO Claudio Descalzi commented: “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.
Eni aims to support the increase of low carbon energy sources in the 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’s operations in the Middle East have continued to grow over the last few years. Notably, Eni began operating in Bahrain in 2019, with one offshore exploration license.