Itochu set to invest in new Russian operator of Sakhalin-1 project: CFO
The logo of Itochu Corp is seen outside the company's headquarters in Tokyo, Japan on Nov 7, 2016. (File photo: Reuters/Toru Hanai)
TOKYO: Japanese trading house Itochu is set to invest in the new Russian operator of the Sakhalin-1 project, the company's Chief Financial Officer Tsuyoshi Hachimura told a news conference on Friday (Nov 4).
Itochu cut the value of its Russian assets to nearly zero at the end of September, down from 9.9 billion yen (US$66.95 million) as of the end of June, Hachimura added.
Source: Reuters/st
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