Japanese powerhouses will invest in Russia's Arctic oil megaproject

Russia's largest oil firm, Rosneft, is in negotiations with Japanese state-run oil and gas company Jogmec and other potential investors to secure funding for its ambitious Russian Arctic Vostok oil venture. It was reported earlier that Igor Sechin, CEO of Rosneft, met with representatives of Japanese companies including Mitsubishi, Mitsui & Co, Itochu, and Inpex, and Japan Petroleum Exploration Co (JAPEX) and Marubeni to seek funding f....