AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
On July 20th, 2018, a $467 million USD loan agreement was signed between a Japanese company called Mitsui Marine Development Co., Ltd. ("MODEC") and the Japanese Bank for International Cooperation (JBIC) for the expansion of Mitsui's drilling operations in their Mero oil field. The hope of this loan is to expand Mitsui's oil production to 180,000 barrels of crude oil per day and expand the crude oil storage capacity to 1.4 million barrels.
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