VOL. XLIII

No. 34

21-August-2000

JAPAN

MITI Scraps Target For Imports From Japanese Operated Overseas Oilfields And Focuses On Forming Core Companies

Japan has scrapped its target of sourcing 30% of its crude oil from oilfields developed overseas by Japanese companies, an official at the Ministry of International Trade and Industry (MITI) announced on 14 August. The hope was that Japan, which relies on imports particularly from the Middle East for all its crude oil (see table), would be...