The United Nations Industrial Development Organization (UNIDO) and Statoil have signed an agreement to work together to examine the feasibility of common projects to promote sustainable energy access and industry in developing countries.
The geographical scope should include countries of mutual interest in Sub-Saharan Africa, Central- and South-America.
The mutual interest will be based on, inter alia, UNIDO capacity and capability, Statoil presence, national gas reserves, potential for biofuel feedstock production, political stability, export potential and other relevant factors.
Both sides noted that creating attractive industrial development projects with sufficient economic potential would motivate potential third-party investors.