A post by @FirstSquawk on X.
ADNOC SAYS SIGNS AGREEMENTS WITH JAPAN BANK FOR INTERNATIONAL COOPERATION, SECURING $1 BLN IN GREEN …
@FirstSquawk on X
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Abu Dhabi National Oil Company (ADNOC) signed agreements with the Japan Bank for International Cooperation securing $1 billion in green financing. The deal marks one of the largest Japan-backed funding packages tied to the UAE energy producer's decarbonization and low-carbon projects. It matters as Gulf oil majors increasingly tap export credit agencies and international lenders to bankroll energy transition spending. Watch for disbursement terms and which specific ADNOC projects the financing is allocated to.
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Named in this story
ADNOC, Japan Bank for International Cooperation