Source Pravda.Ru

Japan To Pull Out Of Venezuela Oil Project

Japan National Oil Corp. and Nippon Oil have exited the La Ceiba project located in the Lake Maracaibo area of Venezuela. The two companies have sold their 20% stake in the block to Veba. The value of the sale was not disclosed.

The proceeds are expected to be used to pay back part of the 3.2 billion yen in loans extended for the project by JNOC. JNOC set up Nippon Oil Exploration (Venezuela) Inc. in 1995, jointly with Nippon Oil Exploration, a subsidiary of major Japanese oil firm Nippon Oil Corp. The two companies decided to pull out of the project when the reserves of oil found in the area fell far short of initial expectations. ExxonMobil is operator of the project with a 50% stake and Veba holds the other 50%. ©

&to=http://www.jnoc.go.jp/english/index.html' target=_blank>JNOC

&to=http://www.eneos.co.jp/index_e.html' target=_blank>Nippon Oil

A year after the constitutional referendum of December 4th, 2016 that saw the victory of the NAY and the blatant defeat of the government front that had proposed the referendum, it can be said with certainty that the trauma for the defeated is now past. But there is still fear in them, not so hidden either...

Italy: Free fall

On December 10, 1948 the Universal Declaration of Human Rights was adopted by the United Nations General Assembly, its thirty articles enshrining basic and fundamental rights guaranteeing dignity of the human person and equality for all, regardless of race, color, creed or gender. A pipe dream?

Human Rights Day: Let us hang our heads in shame
Comments
Human Rights Day: Let us hang our heads in shame
Human Rights Day: Let us hang our heads in shame
Human Rights Day: Let us hang our heads in shame
Putin makes first comment on Trump's Jerusalem decision
Putin makes first comment on Trump's Jerusalem decision
Pentagon can not accept Russia's victory over terrorists in Syria
Putin makes first comment on Trump's Jerusalem decision
Putin makes first comment on Trump's Jerusalem decision
North Korea has something bigger than nuclear bomb
Mikhail Saakashvili's bumpy ride in politics: From chewing his tie to climbing on rooftop
North Korea has something bigger than nuclear bomb
North Korea has something bigger than nuclear bomb
North Korea has something bigger than nuclear bomb
North Korea has something bigger than nuclear bomb
Russia unveils the date for the launch of the superbridge to Crimea
Pentagon can not accept Russia's victory over terrorists in Syria
Putin: Russian servicemen return home from Syria as victors
Russian athletes announce their decision about 2018 Winter Olympic Games
Serbia forgives USA for 1999 bombings, forgets all victims, holds joint drills with NATO
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Why did Donald Trump recognise Jerusalem as the capital of Israel?