VOL NO REGD NO DA 1589

Friday, December 30, 2005

HEADLINE

POLITICS & POLICIES

METRO & COUNTRY

VIEWS & REVIEWS

EDITORIAL

LETTER TO EDITOR

COMPANY & FINANCE

BUSINESS & FINANCE

TRADE/ECONOMY

LEISURE & ENTERTAINMENT

MARKET & COMMODITIES

SPORTS

WORLD

 

FE Specials

FE Education

Urban Property

Monthly Roundup

Saturday Feature

Asia/South Asia

 

Feature

13th SAARC SUMMIT DHAKA-2005

WOMEN & ECONOMY

57th Republic Day of India

US TRADE SHOW

 

 

 

Archive

Site Search

 

HOME

MARKET & COMMODITIES
 
Japan to start developing Iranian oilfield despite US concern
12/30/2005
 

          TOKYO, Dec 29 (AFP): Japan will start to develop a massive oilfield in Iran next year despite opposition from the United States about the investment in the Islamic republic, a report said today.
Japan signed a two-billion-dollar deal with Tehran in February 2004 to develop the massive Azadegan oilfield in southwestern Iran to try to ensure stable oil supplies for the resource-poor Asian nation.
Inpex, the Japanese oil firm which acquired the development rights, plans to start work in early 2006, the Asahi Shimbun daily reported, quoting unnamed Inpex officials.
Production is expected to start in 2008, a year later than initially scheduled, the report said.
Washington has repeatedly objected to Tokyo about the project, keeping the Japanese government, the largest shareholder in Inpex, prudent over when work should begin.
"Inpex may lose its (development) rights if it fails to start the project soon," an Inpex official was quoted as saying in the report.
European and Chinese firms are also interested in acquiring shares in the Iranian oil development, it noted.

 

 
  More Headline
Oil steadies after jump on forecast US stock fall
Japan-Bangladesh joint venture company formed to boost hospitality industry
Oil rises ahead of US supply data
China to launch refined sugar futures in early Jan
Emirates appoints Zakaria new area manager in Bangladesh
CCCI places 16-point recommendation
Japan to start developing Iranian oilfield despite US concern
Iran ‘committed to India pipeline’
 

Print this page | Mail this page | Save this page | Make this page my home page

About us  |  Contact us  |  Editor's panel  |  Career opportunity | Web Mail

 

 

 

 

Copy right @ financialexpress.com