UAE-Norway energy partnerships in the pipeline: Several agreements and MoUs were signed between Emirati and Norwegian firms during Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan’s meeting with Norwegian Prime Minister Jonas Gahr Støre, Wam reports. The talks centered on enhancing economic, trade, and investment cooperation across key sectors, including energy, infrastructure, advanced technology, renewables, air transport, and scientific research.

Al Nahyan also met with Crown Prince Haakon Magnus in Oslo to discuss advancing bilateral cooperation, the state news agency reported separately.

KEY AGREEMENTS-

#1- Adnoc inked a strategic cooperation agreement with Norwegian state-owned Equinor to team up on sustainability projects, including in carbon capture and storage, low-carbon hydrogen and the marketing and trading of low-carbon intensity oil and gas.

#2- Masdar signed a slew of agreements with several firms, including a strategic framework agreement with Eqinor to strengthen collaboration on existing projects, such as the Hywind Floating Wind Farm in Scotland. The renewables giant also signed an MoU with fertilizers manufacturer Yara to explore investments along the power-to-green ammonia value chain. Masdar also signed an MoU with ICP Infrastructure to identify green energy infrastructure investments in Europe, and inked a fourth MoU with Aker Horizons, focusing on joint development and investment in the Power to Green Hydrogen value chain aimed at decarbonizing hard-to-abate sectors.

#3- Khalifa University and Arctic University of Norway inked an MoU to support academic collaboration in research areas such as AI, climate action, circular economy, and renewable energy;

#4- Civil aviation authorities: Both countries’ authorities will partner to enhance bilateral trade and tourism and increase passenger and cargo air traffic.

PLUS- The Emirati Investment Ministry promoted investment prospects to Norwegian businesses in a bid to encourage them to expand into Abu Dhabi and the UAE during the UAE-Norway Investment Forum in Oslo, according to a statement.

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