Riyadh - Mubasher: Saudi Aramco has signed on Sunday two separate memorandums of understanding (MoU) with Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Future Energy Company (Masdar), according to a press release.
The agreements cover energy and technology collaboration, renewables, and carbon management.
Under the terms of the MoU between Saudi Aramco and ADNOC, the two companies will collaborate on identifying technologies that could deliver improved operational performance and efficiency across the oil and gas value chain.
Aramco also signed another MoU with Masdar, under the terms of which Masdar and Saudi Aramco will collaborate on sustainable development and renewable energy, in order to yield advancements in clean electricity generation, and carbon capture for Saudi Arabia, the UAE, and the world.
