Abu Dhabi National Oil Company ended 2025 in style with two financing deals that amount to $13 billion across both conventional and lower-carbon investments.
The first of these deals is the $11 billion in project financing for the Hail and Ghasha offshore gas development, one of the Middle East’s largest and most technically complex sour gas projects. The second project was the $2 billion green financing facility backed by Korea Trade Insurance Corporation (K-SURE). Together, the transactions underscore ADNOC’s growing ability to mobilise international capital in energy markets.
The Hail and Ghasha deal drew participation from more than 20 regional and global banks, highlighting investor confidence in ADNOC’s execution capability and the long-term role of gas in the UAE’s energy mix. Once fully developed, the project will be central to Abu Dhabi’s energy security strategy, supporting domestic demand while freeing up additional volumes for LNG exports.
The green financing agreement, structured under ADNOC’s Sustainable Finance Framework, will be used to fund lower-carbon projects across the group, adding to a string of sustainability-linked and green facilities the company has raised over the past 18 months. ADNOC has increasingly blended traditional hydrocarbon investment with climate-aligned financing as it seeks to future-proof its portfolio.
Operationally, ADNOC already ranks among the world’s largest producers, with oil production capacity of 4.85 million barrels per day and plans to reach 5 million bpd by 2027. That alone would account for roughly 5% of global oil supply. Alongside crude, ADNOC supplies about 60% of the UAE’s domestic gas needs and exports LNG to key markets in Asia and Europe.
Beyond hydrocarbons, the company holds a significant stake in Masdar, the Abu Dhabi-backed renewables developer targeting 100 gigawatts of clean power capacity by 2030. The combination has positioned ADNOC as one of the most diversified national oil companies globally, with exposure spanning oil, gas, LNG, renewables, and advanced materials.
Much of this transformation has taken place under the leadership of Managing Director and Group CEO Dr. Sultan Al Jaber, who has overseen a decade-long push to modernise ADNOC through digitalisation, artificial intelligence, capital markets access, and international partnerships. That shift is reflected on the Abu Dhabi Securities Exchange, where ADNOC’s six listed subsidiaries now account for roughly one-fifth of total market capitalisation, with a combined value of around $150 billion.