VOL. XLV

No 30

29-July-2002

GENERAL

Japan痴 Parliament Passes Bill To Dissolve JNOC

Japan痴parliament on 19 July passed legislation which will lead to the dissolution ofthe Japan National Oil Corporation (JNOC) and also the Metal Mining Agency ofJapan (MMAJ). JNOC is now charged with downsizing its operations and disposingof non-viable assets by the end of March 2004, with a target of dissolving thecompany by the end of March 2005. The parliament vote followed cabinet approvalof the bills in May,...