VOL. XLV

No 23

10-June-2002

OMAN

Fortum Completes$169Mn Sale Of Block 9 Assets To Mitsui

Finlands Fortum Corporation announced on4 June that it had completed the sale of its 35% stake in Omans Block 9 (Sunainah) to Mitsuiand Co and its associated firm, Mitsui Oil Exploration Company (MOEC), foraround $169mn. The two Japanese firms announced their intention to acquire the Fortum interest in February, subject to the approval of theOman Government (MEES, 25 February).Mitsui will take 60% of the...