Japan close to deal with Iran on US$2b oil project

By
October 3, 2006 10:36

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Japan will soon wrap up talks with Iran over a US$2 billion dollar contract to develop one of the largest oil fields in the world, the Japanese trade minister said Tuesday. Media reports have suggested the United States has urged Tokyo to freeze the project to apply pressure on Iran, which is suspected of developing nuclear weapons under the cover of a nuclear energy research program. "Negotiations are very much entering the final stage," Trade and Industry Minister Akira Amari told reporters Tuesday. Japan's Inpex Corp., a state-designated oil development company, signed a contract with the National Iranian Oil Company in February 2004 to jointly develop the Azadegan field, in Iran's southwest, in a US$2 billion project.

Related Content

August 14, 2018
BDS claims victory in Tunisia, forcing ‘Israel-linked ship’ from port

By SETH J. FRANTZMAN