JAPAN NEEDS MORE OIL
PLATTS wrote, state-owned Japan Oil, Gas and Metals National Corporation, or Jogmec, on Wednesday said it is set to provide financial support for domestic companies to acquire foreign upstream companies.
The announcement comes after a revision in the law covering Jogmec's capabilities took effect Wednesday.
The Japanese cabinet in October had approved a bill to amend a part of the law that defines the capabilities of Jogmec -- as part of its effort to boost the country's equity…
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