Russian energy giant Rosneft and U.S. oil and gas major ExxonMobil have signed a memorandum of understanding on cooperation with an aim to reduce greenhouse gas emissions, Rosneft said on Wednesday.
Rosneft said earlier on Wednesday it had signed a similar deal with Norway’s Equinor.
Rosneft and ExxonMobil will consider the prospects for new projects initially focused on carbon capture, utilization and storage and the development of lower-carbon fuels, such as hydrogen and ammonia, the Russian company said.
Both companies are partners in an oil production project Sakhalin 1 in Russia’s Pacific.
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