Mitsui & Co., Ltd.

Stories

TA'ZIZ closes $1.39 billion financing for Ruwais ammonia and terminal projects

Partner in the ammonia project and offtaker

TA'ZIZ closed $1.39 billion in project financing on November 4 for a low-carbon ammonia plant and a chemical export terminal at Ruwais, about 240 kilometres west of Abu Dhabi. Both debt packages were oversubscribed, meaning banks offered more credit than the company took.

Updated 7 days ago

Washington keeps two quiet Russia loopholes open: Japan’s Sakhalin-2 oil and the nuclear fuel money pipe

Rule Changes

As of May 2026: Japanese stakeholder navigating sanctions compliance while preserving Sakhalin-2 exposure

Sanctions are supposed to close doors. On December 17, the U.S. quietly propped two doors back open again, even as it slammed others shut. One narrow lane keeps Sakhalin-2 crude flowing to Japan; the other preserves financial channels for civil nuclear projects, even when payments touch sanctioned Russian banks—both running through June 18, 2026.

Updated May 15