“This facility reflects Adnoc's commitment to financing the transformation of energy systems while maintaining strong capital discipline,” said Khaled Al Zaabi, Adnoc Group's chief financial officer.
Dr Sultan Al Jaber visited Korea to announce the agreement and strengthen economic ties with South Korea.
Adnoc aims to reduce its operational carbon emissions intensity by 25% by 2030 and invest $23 billion in decarbonisation efforts.
The agreement increases Adnoc's total green funding to $5 billion in 18 months, including a $3 billion deal with the Japan Bank for International Cooperation.
Adnoc has secured $2 billion in green financing to support low-carbon projects, backed by Korea Trade Insurance Corporation.
Abu Dhabi state oil compa
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