Tuesday 24 March 2015

Timor Leste: INPEX writes down value of Kitan oil field in Timor Sea

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Japanese oil and gas producer INPEX has written down the value of its Kitan oil field in the Timor Sea after the plunge in crude oil prices, signalling the decline in the outlook for one of the few petroleum fields providing revenue for Timor-Leste.

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