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Japan's Inpex selling stake in Russian oil project to Itochu, sources say  - Stock Market Latest

Business & FinanceDealsEnergy

Reuters exclusively reported that Inpex Corp (1605.T), Japan’s top oil and gas explorer, is selling its minority stake in a Russian oil project in Siberia to Japanese trading house Itochu Corp (8001.T). 

Market Impact

Japan drastically cut oil imports from Russia to 0.7 million barrels last year, a 95% drop from a year earlier, according to Japan’s customs data, with liquefied natural gas imports down 11% at 6.1 million metric tons.

Article Tags

Topics of Interest: Business & FinanceDealsEnergy

Type: Reuters Best

Sectors: Business & FinanceCommodities & EnergyMergers & Acquisition

Regions: Asia

Countries: Japan

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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