• SHARE

Inpex Holdings Inc. will increase spending on overseas oil and natural gas projects by as much as 50 percent a year to keep pace with soaring material and engineering costs.

Annual spending on overseas projects may rise to as much as ¥300 billion over the next three to five years, compared with a capital expenditure forecast a year ago of about ¥200 billion, Chairman Kunihiko Matsuo, 72, said in an interview Friday.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW