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...