Egyptian state-owned oil companies signed seven memoranda of understanding (MoUs) with international companies in areas of sustainability and decarbonization, according to an official statement on November 12th.

Egyptian Natural Gas Holding Company (EGAS) signed a MoU with Shell Egypt to set a framework for managing and reducing greenhouse gas emissions in the operations of all of EGAS’ partners.

Another MoU was signed by EGAS with SeaSplit Technologies and General Electric for the decarbonization of industrial activities in the Suez Gulf.

Under the protocol, the three companies plan to conduct technical and economic feasibility studies for developing 1.5 gigawatts of wind energy in the Suez Gulf in partnership with the Egyptian oil sector.