Thursday 15 August 2013

Japan and Kenya to Join Forces in Exploration


Reports from the Japanese Economy, Trade and Industry ministry states that Japan and Kenya will undertake joint exploration of hydrocarbon resources in the East African Country. Minister Toshimitsu Motegi confirmed with the Kenyan government that the two countries will jointly undertake oil exploration in the southwestern part of Kenya. This is subsequent to an agreement entered in April 2012 between Japan Oil, Gas and Metals National Corporation (JOGMEC), Japan's National Oil Company (NOC) and the National Oil Corporation of Kenya (NOCK), Kenya's NOC.

Motegi met Deputy President William Ruto in Nairobi and told Kyodo News that "it is important for Japan to secure oil interests" in Kenya eventually.

Exploration is expected to be undertaken through the fall of 2014. Japan has been requesting for Japanese companies to be given concessions for exploration in the country.

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