Loans for Abu Dhabi National Oil Company under GREEN Operations
Promoting ADNOC’s Decarbonization and Energy Transition Initiatives and Creating Business Opportunities for Japanese Companies

• Region: The Middle East
• Infrastructures
• Environment
• Untied Loans

1. The Japan Bank for International Cooperation (JBIC; Governor: AMAKAWA Kazuhiko) signed on November 2 project loan agreements for (1) and (2) below with Abu Dhabi National Oil Company (ADNOC), based on the credit line^*1 established in July 2024.
   
    

   	JBIC Portion	Total Co-financing Amount	Co-financing Banks
   （１）	Approximately USD 543 million	Approximately USD 905 million	MUFG Bank, Ltd. Mizuho Bank, Ltd. The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch
   （２）	Approximately USD 58 million	Approximately USD 97 million	Mizuho Bank, Ltd. The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch

2. These loans are extended under JBIC’s GREEN operations^*2. They are intended to provide the funds^*3 necessary for ADNOC Group projects that reduce environmental impacts and carbon emissions in its LNG production and sales business, as well as for power transmission projects facilitating the supply of electricity generated from solar, nuclear, and other energy sources in the United Arab Emirates (UAE).
     
3. ADNOC, a leading energy company that is wholly owned by the Emirate of Abu Dhabi (Abu Dhabi), is committed to decarbonizing its operations. With a target of achieving net zero emissions by 2045, it is advancing the adoption of renewable energy, and hydrogen and ammonia technologies, while promoting carbon capture and storage (CCS^*4) and other green energy initiatives.
     
4. In light of the current situation in the Middle East, the Government of Japan launched the “Partnership on Wide Energy and Resources Resilience Asia (POWERR Asia)” in April 2026 and is enhancing cooperation with Asian countries to strengthen the resilience of energy supply chains. Abu Dhabi is a strategic partner and a very important ally for Japan’s energy resource strategy. In addition, Abu Dhabi has high potential in the sector of decarbonization and energy transition as it has abundant resources for renewable energy and subterranean structures that are suitable for CCS.
     
5. The loans aim to support ADNOC’s efforts to diversify energy sources and decarbonize its operations. Through the strengthening of JBIC’s relationships with the UAE, Abu Dhabi, and ADNOC, the loans are also expected to help create opportunities for collaboration between Japanese companies and ADNOC and its subsidiaries.
     
6. As Japan’s policy-based financial institution, JBIC will continue to provide financial support for sustainable development efforts, including those for global environmental preservation, by drawing on its various financial facilities and schemes for structuring projects and by performing its risk-assuming function.
     

Note

1. *1 
   See press release on July 4, 2024.
2. *2 
   See announcement on July 2, 2018.
3. *3 
   These loan follows the previous loans extended to ADNOC under the credit line, as announced by JBIC in February 21, 2025.
4. *4 
   Carbon Capture and Storage (CCS) is a technology that captures carbon dioxide and stores it in deep geological formations, preventing its release into the atmosphere.