JBIC Signs a Loan Agreement with Abu Dhabi National Oil Company (ADNOC)
Securing Long-Term Supply of Crude Oil and Strengthening a Strategic Partnership with the UAE

  • Area: The Middle East
  • Energy and Natural Resources

JBIC has signed a loan agreement with Abu Dhabi National Oil Company (ADNOC), a state-run oil company wholly owned by the Emirate of Abu Dhabi, United Arab Emirates (UAE). ADNOC conducts oil and gas business in Abu Dhabi, which produces most of the oil and gas in the UAE. This agreement is designed to finance ADNOC to expand their oil and gas development. The loan will help to secure a stable supply of energy resources to Japan as well as to strengthen bilateral ties with the UAE, a strategically important country for Japan's resource strategy.
 

 

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