Inpex, Petrobras plan tie-up

Sat, 02 Dec 2000, 00:00 WIB | Source: AFP

TOKYO (AFX-ASIA): Nissho Iwai Corp and Indonesia Petroleum Ltd
(Inpex) have reached agreement with Brazil's Petrobras to help
develop an offshore oil field near Rio de Janeiro.

The companies will spend a combined US$173 million to buy the
drilling rights to obtain $20 million barrels of crude oil until
end-June 2009.

Bank of Tokyo-Mitsubishi Ltd, Industrial Bank of Japan, Japan
Bank for International Cooperation and the two companies will
provide the financing for the development of the oil field.

View JSON | Print