Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Posted By Global Banking and Finance Review

Posted on January 14, 2025

Italy and Saudi Arabia sign energy cooperation agreement

ROME (Reuters) - Italy and Saudi Arabia have signed an agreement to boost energy cooperation, including for the possible supply to Europe of Saudi-made hydrogen, Italy's energy and environment minister Gilberto Pichetto Fratin said on Tuesday.

The memorandum of understanding, lasting five years, was signed in Riyadh as Pichetto met his Saudi counterpart Prince Abdulaziz bin Salman Al-Saud, a statement said.

It focuses on renewable energy, reducing methane emissions, power interconnections, renewable and low-emission hydrogen and ammonia, and carbon capture and storage systems, Pichetto Fratin's ministry said.

The Italian minister said his country could act as an entry point into Europe for renewable hydrogen and ammonia produced in Saudi Arabia, saying it would be "much closer, more competitive and strategic than other alternatives in the North Sea."

(Reporting by Alvise Armellini, editing by Cristina Carlevaro)

Recommended for you

  • Irregular migration into EU drops sharply in 2024, EU border agency says

  • Volkswagen sales drop in tough year at home and in China

  • Bank of England says it has not taken a decision yet on potential digital pound