VOL. XLIV
No 44
29-October-2001
ALGERIA
JNOC Relinquishes Touggourt Block
The state-owned Japan National OilCorporation (JNOC) announced 19 October it was ending its participation in AlgeriasTouggourt block, where it holds a 25% interest jointly with its affiliateInpex. The two Japanese firms, which farmed into the ExxonMobil-operated blockin 1995, said they were withdrawing because oil reserves were insufficient tosupport commercial production. At the same time, JNOC said it was withdrawingfrom...
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