Abu Dhabi National Oil Company (ADNOC) PJSC has signed a general agreement with the Japan Bank for International Cooperation (JBIC) for a US$3 billion green financing facility. The update follows the signing of a Heads of Agreement between ADNOC and JBIC in January. The credit facility is part of JBIC's Global action for Reconciling Economic growth and ENvironmental preservation (GREEN) lending program and is partially supported by Japanese commercial banks. "We are very pleased to once again partner with JBIC on ADNOC's first green funding to accelerate our decarbonization and energy transition initiatives," said Khaled Al Zaabi, ADNOC chief financial officer. "Proceeds of this credit facility will enable ADNOC's strategy to support a just, orderly, and equitable global energy transition.