Marubeni discovers crude oil in Gulf of Mexico
TOKYO —
Major Japanese trading house Marubeni Corp said Monday that it has discovered crude oil deposits in a Gulf of Mexico field being developed jointly with two other companies.
Marubeni has an 11.25% stake in the Kodiak field through wholly owned unit Marubeni Oil & Gas (USA) Inc. The two partners are BP Exploration & Production Inc, affiliated with British oil major BP PLC, and Eni Petroleum U.S. LLC, a unit of Italy’s Eni SpA.
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thepossum
Hmmm,
"Marubeni Oil & Gas (USA) Inc"
"Eni Petroleum U.S. LLC"
Add in NAFTA and the fact this field is right on Americas doorstep... I somehow don't see the benefit for Japan !
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GrouchyGaijin
Oh, there's no benefit for Japan! There's benefit for Marubeni, though. Especially if you register that section of the company overseas and don't have to pay 50% corporate tax in Japan. (How far are the Caymans?) Plus you get to pack on the "costs" (read profits) and pass them along (in triplicate) to Taro and Akiko back in Japan! Ain't it just grand!
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Nessie
Were they expecting to discover refined oil?
0
Altria
Sweet, light crude...Mmmmmm....
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