Japan may become a Rosneft’s shareholder

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The Japanese government is now considering a possibility to purchase a share in one of the Russian largest oil companies Rosneft. According to the Oilprice.com, this step may become a part of a wider cooperation between Japan and Russia in the energy sector.

Japan’s Prime Minister Shinzo Abe is expected to discuss the probable forms of cooperation with Russia’s president Vladimir Putin during the Eastern Economic Forum which will take place in the Russian Far East, Vladivostok. The investment into such a deal from the Japanese side may reach US$9.7 billion.

According to the conditions of the bilateral cooperation japan is going to take part in oil and gas exploration projects in Siberia. Russia in its turn will provide technical assistance in the decommissioning of the Fukushima Daiichi nuclear power plant that caused the 2011 catastrophe.

If the Japanese PM decides to go ahead with the Rosneft deal, it will bring the country a 10-percent interest in the Russian company that will be purchased via a state-supported organization the Japan Oil, Gas and Metals National Corp.