Generation
Posted By OrePulse
Published: 01 Dec, 2025 10:16
K-SURE to provide $2 bil. in financial support to UAE's largest oil company
Korea Trade Insurance (K-SURE) announced plans on Monday to provide $2 billion in financial support to Abu Dhabi National Oil Company (ADNOC). The funding is intended to assist Korean firms with business projects in the United Arab Emirates. In return, ADNOC will work to secure project orders for Korean companies and purchase Korean-made materials and equipment.
This agreement follows a memorandum of understanding (MOU) signed for strategic business cooperation during President Lee Jae Myung's visit to the UAE last month. Under that MOU, the two sides agreed to cooperate in facilitating exports of Korean goods and services related to artificial intelligence, renewable energy, and power grids to the Middle East.
Related Articles
Parliament Committee says no need to review three ...
10 Sep, 2024 07:57
Zimbabwe’s Biggest Miners Seek $182 Million for So...
12 Sep, 2024 06:57
GreenGo Energy Expands into Namibia with Strategic...
12 Sep, 2024 07:51
OPEC Fund approves $1.2 billion for development pr...
13 Sep, 2024 08:59
Floating solar starts to gather pace in Africa, as...
13 Sep, 2024 13:18
Prominent South African energy company files for l...
16 Sep, 2024 11:00
Libyan Export Decline and Fed Speculation Propel O...
17 Sep, 2024 08:00
South Sudan says it is ready to restart pumping oi...
17 Sep, 2024 13:23
Interest grows in Africa’s oil and gas hotspot...
18 Sep, 2024 10:42
South Africa Sanctions New National Petroleum Comp...
18 Sep, 2024 12:37Trending News
Logistic Other
Dubai completes DXB air taxi station ahead of 2026 launch...
17 Apr, 2026 14:04
76 min read
Energy Other
Two South Africa unions accept Eskom 7% wage offer, third union rejects it...
17 Apr, 2026 13:38
68 min read
Energy Other
Loss of energy output in MidEast will take about two years to recover, IEA says...
17 Apr, 2026 11:18
81 min read