No 13



Mitsui Acquisition Of Fortums 35% Stake In Omans Block 27 Ratified

A royal decree issued on 17 March ratified the acquisition by Mitsui of the 35% stake held by Finlands Fortum (formerly Neste Oy) in Block 27 in central Oman. Mitsui in October 2002 announced its intention to acquire the stake (MEES, 28 October 2002). The decree said that final quotas of the agreement parties shall be as follows: Occidental Oman 65%, Mitsui E&P Middle East PV 35%. Block 27...