The Japan Bank for International Cooperation (JBIC) signed two project loan agreements with Abu Dhabi National Oil Company (ADNOC).
These agreements amount to approximately $341 million and $130 million, respectively, under the credit line established in July 2024. The loans are co-financed by Mizuho Bank Limited, Sumitomo Mitsui Banking Corporation, MUFG Bank, Limited, and The Hongkong Shanghai Banking Corporation Limited, Tokyo Branch, bringing the total co-financing to $569 million and $217 million, respectively. Furthermore, the loans, which are a part of JBIC’s GREEN operations, will fund ADNOC’s global renewable energy projects and support energy-efficient power generation and decarbonisation efforts in the UAE.