Abu Dhabi National Oil Co (Adnoc) has signed a memorandum of understanding and a loan agreement with the Japan Bank for International Cooperation (JBIC) valued at up to $3bn, Wam has reported. The loan's lead arranger is Tokyo-Mitsubishi UFJ. Other arrangers include Mizuho Corporate Bank, Sumitomo Mitsui Banking Corporation, BNP Paribas-Tokyo and Citibank Japan.