TOKYO (AFX-ASIA) – Japan Petroleum Exploration Co and Inpex Corp, two government-backed oil development firms, have jointly purchased stakes in concessions in two oil fields owned by Royal Dutch/Shell Group in the Persian Gulf, the Nihon Keizai Shimbun reported, without citing sources. The purchase price is estimated at about 25 billion yen, it said. (US$1=118…
JAPAN: Oil firms buy gulf oil concessions from Shell
Posted on February 5, 2003 by EnergyAsia