METI seeks higher E&P budget for 2013-14

摘要

Tokyo—Japan’s Ministry of Economy, Trade and Industry has requested a Yen 118.7 billion ($1.52 billion) budget from the government to help Japanese companies acquire exploration blocks and natural gas assets in fiscal 2013-2014 (April-March), ministry officials said September 10. The ministry also plans to increase oil product stocks in the country’s strategic petroleum reserves in the fiscal year ending March 2014, said the officials who declined to be named.