New stage of JOGMEC-INK joint project in Eastern Siberia

September 24, 2013

On September 24, 2013, Mr. Kawano Hirobumi, President of Japan Oil, Gas and Metals National Corporation (JOGMEC), Japanese state run company, announced that the joint project between JOGMEC and INK in Eastern Siberia (INK-Zapad) had moved to a new stage after joining of ITOCHU Corporation and INPEX CORPORATION, two major Japanese private companies, to the project as shareholders of JASSOC, which is a subsidiary of JOGMEC holding 49% in INK-Zapad
Совместный проект JOGMEC и ООО «Иркутская нефтяная компания» в Восточной Сибири переходит на новую стадию развития

On September 24, 2013, Mr. Kawano Hirobumi, President of Japan Oil, Gas and Metals National Corporation (JOGMEC), Japanese state run company, announced that the joint project between JOGMEC and INK in Eastern Siberia (INK-Zapad) had moved to a new stage after joining of ITOCHU Corporation and INPEX CORPORATION, two major Japanese private companies, to the project as shareholders of JASSOC, which is a subsidiary of JOGMEC holding 49% in INK-Zapad (full text of the press-release is available at www.jogmec.go.jp).

INK would like to express appreciation to JOGMEC for the contribution that it has made to the joint project. We also welcome our new partners and hope that our cooperation in INK-Zapad will be fruitful and mutually beneficial.

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INK-Zapad

Russia-Japan JV INK-Zapad was incorporated by JASSOC (49%) and INK (51%) in 2009 in order to conduct geological study, explore and produce hydrocarbons at Bolshetirsky and West-Yaraktinsky license blocks located in Irkutsk region. In 2012, INK-Zapad registered reserves in three fields within these blocks.

 

ITOCHU Corporation

Company Name: ITOCHU Corporation.

Founded: 1858.

Company Headquarters: Tokyo, Japan.

Representative: Masahiro Okafuji, President and Chief Executive Officer.

Web-site: http://www.itochu.co.jp/en/ 

INPEX CORPORATION

Company Name: INPEX CORPORATION.

Founded: 2006.

Company Headquarters: Japan, Tokyo.

Representative: Toshiaki Kitamura, Representative Director, President & CEO.

Web-site: http://www.inpex.co.jp/english/

INK Group is certified in ISO 14001 and OHSAS 18001 Closed Joint Stock Company “INK-Capital” announced the changes in the Shareholders