Monday, May 16, 2016

Japan's upstream oil and gas investment to tumble in 2016/17

TOKYO, May 17 (Reuters) - Investment by big Japanese firms

in upstream oil and gas developments is set to fall by around 40

percent to about 1.2 trillion yen ($11 billion) in 2016/17 due

to current low prices, a government Energy White Paper showed on

Tuesday.

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