IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 16 Apr 2016 | Removal date: open ended
Still in force

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.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2709 Petroleum oils and oils obtained from bituminous minerals, crude.
270900 Petroleum oils and oils obtained from bituminous minerals, crude.
333 Petroleum oils & oils of bituminous materials, other than crude
2710 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic con
271012 Light oils and preparations
271019 Other
399 Other wastes & scraps
2710 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic con
271099 Other

Please report this page in case you detect an inaccuracy in its content.