Companies / Australia
Itochu Acquires 20% Stake in Basker-Manta-Gummy Project
August 2007 | Contract NewsJapan's trading company Itochu Corporation has paid AUD246mn (US$209mn) for a 20% stake in the Basker-Manta-Gummy oil and gas project, located off south-eastern Australia. Itochu paid AUD123mn in cash to each Anzon Australia and Beach Petroleum, which consequently each reduced their stake in the project from 50% to
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