TOKYO (AFX-ASIA) – Financially troubled Japan Oil Development Co will become a wholly-owned subsidiary of Japan National Oil Corp next month, the Nihon Keizai Shimbun reported, citing sources close to the matter. It said the move was made possible by a recent court decision rejecting the claims of three shareholders in the failed public-private venture…
JAPAN: Japan Oil to become wholly-owned unit of Japan National Oil in January
Posted on December 31, 2003 by EnergyAsia