TOKYO (AFX-ASIA) – Itochu Corp, a major Japanese trading house, is buying a 5% concession in the Cliff Head Oil Field off the west coast of Australia from Norwest Energy NL for A$8.1 million, or about 660 million yen, the Nihon Keizai Shimbun reported, citing unnamed Itochu company sources. (US$1=106 yen). Itochu plans to start…
JAPAN: Itochu to buy 5% concession in oil field off west Australia
Posted on January 16, 2004 by EnergyAsia