Itochu pulls out of Oz JV

Japan's Itochu has pulled out of the joint venture that owns the non-producing Basker-Manta-Gummy oil and gas fields off south-east Australia.

Cutting ties: Japan's Itochu has pulled out of a Roc Oil-operated joint venture off south-east Australia

Russell Searancke

Published 31 January 2013, 04:01Updated 31 January 2013, 04:52