Arab News, Monday, Mar 06, 2023 | Sha'ban 14, 1444
Eni agrees deal with UAE’s ADNOC as Italy rebuilds relationship
Saudi Arabia:
Italian oil and gas group Eni said it would
cooperate with Abu Dhabi National Oil Co on energy transition projects, as
Rome’s new government works to rebuild ties with the UAE.
After a meeting with UAE President Sheikh Mohamed
bin Zayed Al-Nahyan, Italian Prime Minister Giorgia Meloni said that now that
reciprocal trust was being re-established areas for future cooperation could
range from energy to defense.
“Discussions ... went very, very well and we’re
going back to a strategic partnership. Italy historically had very strong
relations with UAE which in recent years experienced serious difficulties,” she
told reporters in Abu Dhabi.
Italy in 2021 halted the sale of thousands of
missiles to Saudi Arabia and the UAE, citing Rome’s commitment to restoring
peace in Yemen. The UAE in turn asked Italy to vacate a military base in the
Gulf.
State-controlled Eni said that together with ADNOC
it would explore opportunities in renewable energy, blue and green hydrogen and
carbon dioxide capture and storage.
The two companies will also work on reducing
greenhouse gas and methane gas emissions, as well as routine gas flaring.
Italy on Saturday signed a declaration of intent
with UAE climate envoy and designated president of the COP28 climate summit
Sultan Ahmed Al-Jaber, who last month pledged to lay out an inclusive and
innovative roadmap to tackle global warming.
“We found our partners extremely open and
attentive to the priorities on our agenda,” Meloni said.
Meloni said the UAE was particularly interested in
Italy’s energy policy in Africa, which was discussed on Saturday alongside
topics such as the stabilization of Libya and the financial situation in
Tunisia, which have an impact on migration flows.
“I think there is a strong will on both sides to
rebuild not just good but excellent relations, a friendship, which I think is
very important for our national interest.”