Loan for Renewal of an Oil Field Interest in Abu Dhabi
Supporting a Japanese Company in the Stable Holding of an Oilfield Interest

  • Area: The Middle East
  • Energy and Natural Resources

JBIC signed a loan agreement with Abu Dhabi Oil Co., Ltd. to provide the necessary funds for Abu Dhabi Oil Co., Ltd. to renew its interest in the Mubarraz and other oilfields in the Emirate of Abu Dhabi. All of the crude oil Abu Dhabi Oil Co., Ltd. produces in Abu Dhabi is shipped to Japan. Providing this loan to support the renewal of the oilfield interest held by Abu Dhabi Oil Co., Ltd. is expected to contribute to securing a long-term stable supply of independently developed crude oil, which, in turn, will contribute to Japan's energy security.
 

 

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