Japan's Bank for International Cooperation signed a loan agreement on Sunday with the UAE’s state-owned oil company Abu Dhabi National Oil Co for up to USD2.1 billion to help secure long-term oil supplies. Seven other Japanese firms, including the Bank of Tokyo-Mitsubishi, will provide additional financing, taking the total loan amount to USD3.3 billion. The loans will help Japanese companies in their efforts to renew oil field concessions in the emirate of Abu Dhabi, of which 60% will expire in 2018. Japan relies on Abu Dhabi for about a quarter of total crude imports. (Reuters)