Minister of Petroleum and Mineral Resources Tarek El Molla and CEO of SLB Olivier Le Peuch have held a meeting on the sidelines of COP 28 in the UAE, which focused on climate change and sustainable energy solutions.
Minister of Petroleum and Mineral Resources Tarek El Molla has stated that Egypt is working on developing internal regulations related to methane gas emissions in the oil and gas sector by the end of 2024.
On the sidelines of COP28, Minister of Petroleum and Mineral Resources Tarek El Molla has held talks with the CEO of Baker Hughes Lorenzo Simonelli to discuss the latest developments of the company’s projects in Egypt and the East Mediterranean as well as ways to boost energy investments in Egypt.
Minister of Petroleum and Mineral Resources Tarek El Molla has held a meeting with Cypriot Minister of Energy, Commerce, and Industry George Papanastasiou, to discuss ways to enhance cooperation in the field of energy as well as efforts to ensure energy security while reducing emissions and removing carbon from natural gas.
ADNOC and National Central Cooling Company PJSC Tabreed has announced their joint venture to commence operating G2COOL, the first district cooling project in the Gulf region to utilize geothermal energy. This plant, located in Masdar City, will play a crucial role in decarbonizing the cooling process for buildings while also diversifying the UAE's energy mix in line with the UAE National Energy Strategy 2050.
Minister of Petroleum and Mineral Resources Tarek El Molla has participated in a panel discussion titled “East Med Gas Forum: Leveraging Decarbonization Efforts in East Med Gas Supplies”, organized by the Greek Ministry of Energy in the Blue Zone at COP28.
Eni has announced that it had signed a five-year sustainability-linked revolving credit line worth €3 billion.
At COP28 in Dubai, TotalEnergies announced a donation of $25 million over the span of 2024–2030 to the Global Flaring and Methane Reduction (GFMR) Trust Fund.