IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: No inception date

State loan

The import loan agreement between JBIC and the UAE state-run oil company Abu Dhabi National Oil Company (ADNOC) was signed on 17 January 2016 and has a total value of USD 2.1 billion. In this context, the Bank stated in a press release: "...the objective of this facility (ed. the loan) is to give indirect support towards the renewal of such (ed. Japanese-owned) offshore oil field concessions ...". The press release further states that in March 2018 60% of the existing Japanese-owned offshore Abu Dhabi oil field concessions are due to expire. The loan is granted in accordance with a MoU signed by both parties in November 2015.

A similar loan agreement was signed in January 2018, see related state act.

Import loans
JBIC provides direct loans named import loan to Japanese importers or foreign exporters. Loans support trade transactions, which guarantee Japanese companies' acquisition of certain natural resources. Further information can be found on the Bank’s website under Import Loans.

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2709 Petroleum oils and oils obtained from bituminous minerals, crude.
270900 Petroleum oils and oils obtained from bituminous minerals, crude.

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