ADNOC Secures $2 Billion Green Financing Supported by Korean Agency, Totaling $5 Billion in Sustainable Funding

Abu Dhabi – December 19, 2025

Abu Dhabi National Oil Company (ADNOC) announced the signing of a $2 billion green financing agreement (approximately AED 7.34 billion), supported by the Korean Trade Insurance Corporation (K-SURE), as part of the company's strategy for sustainable transformation and its expansion into low-carbon emission project financing.

According to the company's statement, this financing falls within ADNOC's sustainable financing framework and aims to support selected investments that comply with international sustainable financing market standards, confirmed by Sustainable Fitch as aligning with globally accepted principles through an independent Second Party Opinion.

First Green Financing Supported by Korean Credit Agency

This deal marks ADNOC's first green financing facilitated by a Korean export credit agency, announced during the visit of Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and CEO of ADNOC and its group of companies, to South Korea, where he met with the Chairman of K-SURE.

This financing follows a previous $3 billion deal ADNOC secured with the Japan Bank for International Cooperation (JBIC) in 2024, raising the company's total green financing to $5 billion within just 18 months, enhancing its track record in utilizing sustainable financing tools.

Supporting Energy Transition and Financial Discipline

Khaled Al Zaabi, CFO of ADNOC Group, stated that the agreement reflects the company's commitment to financing the transition of energy systems while maintaining strong financial discipline. He noted that the partnership with K-SURE expands access to green financing, deepens economic ties with South Korea, and reinforces ADNOC's position as a leader in low-carbon energy.

Significant Investments to Reduce Emissions

ADNOC continues to implement ambitious plans to reduce operational emission intensity by 25% by 2030, alongside investments of up to $23 billion (AED 84.4 billion) to reduce emissions and accelerate the growth of new energy sources, including hydrogen, geothermal energy, and renewable energy.

Additionally, ADNOC is a founding member of the Oil and Gas Decarbonization Charter (OGDC), which includes global and national companies committed to achieving net-zero methane emissions by 2030 and reaching carbon neutrality by 2050 or earlier.

Deal Structuring

First Abu Dhabi Bank (FAB) served as the green loan coordinator, while Banco Santander acted as the coordinator for export credit agencies in this deal.