Abu Dhabi National Oil Company (Adnoc) is reportedly exploring the possibility of securing over $10 billion in debt financing from both local and international banks to support its strategic initiatives. The company is currently progressing with plans related to its interest in Australia’s Santos, one of the country’s leading independent oil and gas producers.
Sources familiar with the matter indicate that Adnoc’s potential debt issuance aims to bolster its investment capacity and facilitate growth opportunities, including its involvement with Santos. The financial arrangement would help the company fund its expansion plans and strategic acquisitions amid a dynamic global energy market.
Adnoc has not publicly confirmed the specifics of its funding strategy or the scale of the debt it intends to raise. However, the move underscores the company’s ongoing efforts to finance its long-term growth and energy development projects while leveraging international and regional banking relationships.
As of now, details on the timing or terms of the potential debt issuance remain unclear. The developments highlight Adnoc’s active role in the global oil industry and its strategic efforts to expand its asset portfolio and investment footprint.