Russia Oil and Gas, Inpex

LUKOIL receives the influx of oil at block 10 in Southern Iraq.

The Russian company Lukoil and Japan's Inpex have successfully completed testing of the first exploration well Erida 1 at Block 10 in southern Iraq.

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Japan wants to construct its own refinery in Primorye

As the Izvestia has got to know, the Japanese Government intends to include an item on construction of an oil refinery near Vladivostok in a new agreement between Russia and Japan, which may be signed between the two countries during the scheduled visit of Vladimir Putin to Tokyo (in September, the foreign mass media reported about its cancellation, but the authorities haven’t confirmed this information). This refinery may be the first oil processing plant in Russia, controlled by foreigners. Earlier, the solution to the problem of the construction of a gas pipeline from Sakhalin to Tokyo on the bottom of the Japan Sea has been already included in the agenda of the visit.
As the mayor of the Japanese city of Niigata, Akira Shinoda said, originally it was intended to place the refinery in the prefecture of the same name - Niigat, but this idea was abandoned.
- Previously, we had such plant, but we found that it will be very difficult and expensive to restore it, so the idea to construct the oil refinery near Vladivostok is worked out, - Shinoda reported to the Izvestia. - This is also a good option for Niigata, as we will have the ability to import oil products through our port.

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Turkmenistan to prepare agreements with Japan on cooperation in oil and gas industry

A report on the preparation of the documents on cooperation in the oil and gas industry, which are planned to be signed during the forthcoming visit of the governmental delegation of Turkmenistan to Japan, was presented to Turkmen President, Gurbanguly Berdimuhamedov, the Turkmen Government reports on Tuesday.
According to the report, the Turkmen President noted that “it’s necessary to pay a special attention to issues, connected with the further development of the long-term mutually beneficial Turkmen-Japanese cooperation”.

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Russia and Japan negotiate about oil deposits development

The Japanese oil company INPEX and the Russian state corporation Rosneft will hold joint development of an oil deposit in the Okhotsk Sea. Cooperation between Russia and Japan has been performed for the first time after 18-year pause. The Japanese side regards broadening of raw oil suppliers number as a large heel to the Middle Eastern suppliers. Enlargement of the share of supplies from Russia can simplify negotiations about prices with other oil states.

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Rosneft may attract Japanese companies to its offshore projects

Rosneft may attract the Japanese Marubeni, Inpex, Itochu, JAPEX and SODECO to its offshore projects, the Russian oil company’s press centre reported to the agency Prime.

On Wednesday, the Rosneft’s President and CEO, Igor Sechin visited Japan within his working trip over the Asia-Pacific region.

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Itochu interested in quickening of launch of LNG plant in Vladivostok

The Japanese Itochu Company is interested in quickening the launch of an LNG plant in Vladivostok, the CEO for the CIS states F. Kiyosi says. They orient to 2017-2018 whereas Itochu is eager to quicken the launch of the enterprise in order to outstrip possible competitors in gas sales in Japan. As for technical specifications, the plant’s projected capacity should be not less than 10 million tons of LNG annually. In addition, they are going to introduce at the enterprise in Vladivostok some new technologies connected with helium extraction and processing.

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Gazprom and Japan have discussed the possibility of gas supply rise

Gazprom and the representatives of the Parliament of Japan have discussed the perspectives of growing the gas supply to Japan including on the account of the pipeline gas supply, Gazprom reports.
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Rosneft to develop shelf deposits with the Japanese

Rosneft has decided to cooperate with the Japanese on the shelf of Magadan and East Siberia after a conflict with its Chinese partners. According to the local  media, the Russian oil company will give up to 49% to a consortium of Japanese investors in the JV on exploration and development. The Inpex Corp., Japan Oil, Gas and Metals National Corp. (JOGMEC) and oil traders might join the consortium.

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