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Business deals

Japan banks to loan $3bn to Abu Dhabi National Oil

Financing from JBIC, commercial lenders geared to keeping concessions

Abu Dhabi National Oil Co. and Japan decided last year to step up their energy partnership.   © Reuters

DUBAI, United Arab Emirates -- Japanese state-run and commercial banks will furnish Abu Dhabi National Oil Co. with a $3 billion loan in hopes of renewing offshore oil concessions that expire in March.

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