Japan Idemitsu to buy UK oil explorer Petro Summit

Fri Nov 13, 2009 6:11am GMT
 
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TOKYO, Nov 13 (Reuters) - Idemitsu Kosan Co (5019.T), Japan's third-largest refiner, said on Friday it would buy British oil explorer Petro Summit Investment UK Ltd, a subsidiary of Japanese trader Sumitomo Corp (8053.T).

Petro Summit produces a crude oil equivalent of approximately 5,000 barrels per day on a rights ownership basis in the North Sea. (Reporting by Osamu Tsukimori)

 

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