Fortum closed the transaction whereby it sells its 35% interest in the Suneinah concession, Block 9, and associated gas exploration and production rights in Oman to Mitsui & Co. Ltd. and its associated company Mitsui Oil Exploration Co. Ltd.
The sale is a result of Fortum's decision to focus on the Nordic energy market and to divest non-core assets.
Fortum realized sales proceeds exceeding 180 million euro (including net working capital) and a net book profit of about 70 million euro from the transaction.
Mitsui and Moeco acquired all of the shares of Fortum (E&P) B.V., a wholly owned subsidiary of Fortum Oil and Gas Oy, effective December 31, 2001.
Moscow is trying to stop Balkan countries from entering NATO. Greece eventually took measures against Russia, even though Greek Prime Minister Alexis Tsipras had earlier said that Russia was Greece's strategic partner
The Ukrainian government refuses to abode by its obligations, rejects a peaceful resolution of the conflict, and disregards its own people, the president said