VOL. XLV

No 21

27-May-2002

GENERAL

Japanese Government Approves Legislation ToDissolve JNOC

As part of a majorrestructuring plan for the countrys state-run oil industry, the Japanesecabinet on 17 May approved legislation that will lead to the dissolution of theJapan National Oil Corporation (JNOC). Three days earlier, the ruling LiberalDemocratic Party had given its go-ahead to the plan. A review of JNOC has beenunder way for some years, but the process was given new impetus in June lastyear when...