Subject: [cwj 77] Nissho Iwai Unit Enters Oil Drilling Business with BP Unit in Alaska
From: Corporate Watch in Japanese <cwj@corpwatch.org>
Date: Thu, 17 Aug 2000 18:26:04 -0700
Seq: 77

For more information on the camapign against oil exploration by BP in the
Arctic, check out http://www.greenpeaceusa.org/arctic/oil_arctic.htm

August 17, 2000

Nissho Iwai Unit Enters Oil Drilling Business with BP Unit

TOKYO (AFX-ASIA) - Nissho Iwai Corp's wholly owned subsidiary N-I Energy 
Development Inc said it and BP Amoco PLC's subsidiary BP Exploration (Alaska) 
Inc have signed an agreement for oil drilling business in Alaska.  

The companies will start drilling in Alaska from next summer, Nissho Iwai 
said in a statement, partly confirming an earlier Nihon Keizai Shimbun
report.  

The paper earlier said Nissho Iwai's first order is from a BP Amoco 
subsidiary and is worth about 2 bln yen, adding that it aims to win an
annual 10 bln yen in orders within five years.
                                                                
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