Business Services Industry
ASIA: Development plans for proposed $80,000,000 natural gas and oil production capacity expansion projects, NIPPON OIL CORP. [Japan] - Order #: 110402.
WWP-Business Opportunities in Asia & the Pacific, November, 2002
PROJECT OVERVIEW:
Japan-based NIPPON OIL CORP., that has seen profits from its gasoline sales eroded by higher crude oil and gas prices, hopes to benefit from the increased profitability of natural resources development projects. As a result, the company is currently gearing-up to expand its natural gas production in Myanmar and its oil output in Vietnam.
In Myanmar, NIPPON OIL has established a consortium with a local state-run oil firm and others. It's subsidiary presently holds a 14% stake in the entity that could rise to 20% by next spring. The offshore gas field, about 400 kilometers south of Yangon, produces 5.7 million cubic meters of gas a day.
As things currently stand, the company is proposing to double its gas volume and...
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