Petronas says MoU with Masdar will see both companies working together to pursue clean energy projects across Asia and the Middle East.
“The scope extends into potential research and development and applied technology cooperation in enhanced hydrocarbon recovery, carbon capture, utilisation and storage, gas sustainability, specialty chemicals, unconventional resources, and hydrogen technologies. Petronas president and group chief executive officer Tengku Muhammad Taufik Aziz said the collaboration with Adnoc bears strong testimony to the shared vision of both organisations to pursue value creation through progressive and cleaner energy solutions as Petronas navigates the challenges of an accelerating energy transition.
Payback time for IPIC shenanigans?