Oil & Gas

The Center of Excellence for Energy Transition, part of Egypt's oil sector, has signed a new Memorandum of Understanding (MoU) with Norway's Carbon Limits to develop strategies for reducing methane emissions in the sector. The agreement, signed on May 11, 2024, under the patronage of the Minister of Petroleum, Eng. Tarek El Molla, reflects a global trend toward environmental preservation and energy transition. The Center, a joint venture between Enppi and EPROM, aims to support Egypt and Africa's oil and energy-intensive sectors in transitioning to sustainable, low-carbon energy systems.

CEET is a key element in Egypt's oil sector strategy to reduce emissions and transition to cleaner energy sources. It provides innovative energy efficiency services, training, and awareness campaigns within the oil and gas sector and other energy industries. The MoU with Carbon Limits highlights Egypt's commitment to its energy transition goals and collaboration on decarbonization in the oil, gas, and energy sectors.

The MoU signifies a serious step in implementing Egypt's oil sector strategy for energy transition and reducing greenhouse gas emissions. It also demonstrates the country's willingness to cooperate with international partners in green energy initiatives. Egypt aims to become a major player in the green energy market, enhancing its status as a hub for energy trading across various sources.

Benjamin Harris, a board member representing Carbon Limits, emphasized Egypt's role in energy and carbon reduction strategies, given its diverse energy sources. Carbon Limits seeks to collaborate with Cairo to promote energy transition in the Egyptian oil sector and provide solutions for related challenges. Norwegian Ambassador to Cairo, Hilda Klimtsdal, expressed Norway's pride in participating in Cairo's energy projects and its ongoing support for Egypt's development in various fields, particularly clean energy.