VOL. XLV

No 8

25-February-2002

OMAN

MitsuiAcquires Fortums Interest In Block 9

JapansMitsui and Co and Mitsui Oil Exploration Co announced on 13 February that,subject to the approval of the Oman Government, they were to buy the 35%interest held by Fortum (E&P) BV, a wholly owned subsidiary of FinlandsFortum Oyj, in Block 9 (Sunainah) 300km west of Muscat in a $150mn deal. Mitsuiwill acquire 60% of the Fortum stake, with Mitsui Oil Exploration taking 40%.The operator in Block 9 Omans second...