Dragon Oil signs letter to decarbonize oil and gas at COP28

Dragon Oil Company signed the “Oil and Gas Decarbonization Charter” agreement during the COP 28 Conference activities.

The signing of the agreement represents DO’s commitment to achieving sustainable development goals and reducing carbon emissions into the atmosphere through the decarbonization of the oil and gas industry.

Ali Rashid Al Jarwan, CEO of Dragon Oil, saying,

“Dragon Oil is proud to sign the Oil and Gas Decarbonization Charter agreement during the United Nations Climate Change Conference in the United Arab Emirates. “The signing of the agreement indicates that the oil industry, and our company in particular, is moving towards new horizons.” for sustainable development”.

Al-Jarwan aggregate,

“This step represents a clear testament that Dragon Oil is aware of the importance of increasing measures to support the global movement towards a future free of greenhouse gas emissions.”

adding,

“Our company is one of the first in the world to develop a policy to stop gas flaring in its fields, since it managed to stop the flaring of associated gas permanently in Egypt and Iraq during the year 2025, while in Turkmenistan “Dragon Oil will stop flaring gas completely by 2027.”

He explained that DOTo support achieving this goal, the company’s efforts will continue to be action-oriented to help accelerate the energy transition and will invest in future energy systems and other technologies, including negative emissions technologies, to help achieve climate neutrality for 2050.

He CEO of Dragon Oil expressed the company’s pride in this wonderful achievement and its endeavor to achieve the aspirations of the charter, through focused partnerships with key enabling sectors, including technology and service providers, as well as the financial services sector.

He noted that the agreement is in line with the five initiatives launched by the company during the COP 28 activities, which focus on the reduction of emissions, the use of solar energy in production fields, the protection of the marine environment, the preservation of coral reefs, maintenance of marine platforms and others.

Al-Jarwan He noted that the company works on clean alternatives through innovation, such as blue hydrogen, solar energy, cessation of gas flaring and other alternatives that support the goal of removing carbon from the oil industry.

He highlighted that COP 28 It is the ideal platform to achieve climate neutrality in light of the qualitative and numerical participation of countries around the world, financial, energy and environmental institutions and all those related to climate change.

News source: Emirates News Agency