Oil Reserve Increase For Japan

greenspun.com : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread

Oil Reserve Increase For Japan WorldNews.com, Fri 22 Sep 2000

WN - James Casey. With oil prices reaching their highest levels since the Iraqi invasion of Kuwait, Japan's ministry of international trade and industry (MITI) looks likely to raise its national oil reserves by one million kilolitres (6.3 million barrels) by March 2002.

The ministry's proposal will increase oil reserves to 51 million kilolitres (320.79 million barrels) by 2002. MITI also intends to increase the reserve, including liquefied petroleum gas, to 55 million kilolitres (345.95 million barrels) by fiscal 2010.

http://www.worldenergynews.com/?action=display&article=3646943&template=energy/index.txt&index=recent

-- Martin Thompson (mthom1927@aol.com), September 22, 2000


Moderation questions? read the FAQ