AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
On April 16th, 2018, Japan Oil, Gas and Metals National Corporation (JOGMEC) terminated a 2.1 billion yen (19 million USD) investment in JAPEX UK E & P CENTRAL LIMITED (JUKC) after judging that the commercial development of this project was not beneficial for the Japanese market. JOGMEC originally agreed to become a 50% shareholder in the JAPEX UK E & P CENTRAL LIMITED (JUKC) off-shore drilling operations in the British North Sea. The hope was that if the project was proved to be successful that JOGMEC would transfer their shares into a Japanese commercial market.
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