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Itochu snaps up BMG stake

Japanese trading company Itochu Corporation has paid A$246 million (US$211.7 million) for a 20% stake in the Basker Mantar Gummy (BMG) oil project off south-east Australia.

Itochu share: the Basker Spirit, working the BMG oil project
Itochu share: the Basker Spirit, working the BMG oil project
  • Michael O'Neill
Published 10 August 2007, 01:04Updated 7 October 2016, 08:06
Asia & Oceania