“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Friday, March 23, 2007

Japex, Mitsubishi plan to spend $400m in Kangean

The Jakarta Post, Jakarta

The Japan Petroleum Exploration Co. (Japex) and Mitsubishi Corp. will invest US$400 million to boost production from the Kangean oil and gas field in East Java after the Japanese firms bought 50 percent of the block.

Japex president director Yuji Tanahashi said Thursday that the consortium had bought a 50 percent stake in the block from PT Energi Mega Persada (EMP) through an agreement signed last month.

The two companies bought the stake for $360 million, with the stake being split equally between them.

Located in the eastern part of Madura island, the Kangean block, which mostly produces gas, is currently pumping out some 10,000 barrels of oil equivalent a day, with all of the production supplying the domestic market.

According to Yuji, the consortium expects the new investment to boost the block's production to 60,000 barrels of oil equivalent per day within three years.

"We plan to revitalize the production of crude oil and natural gas, and are prioritizing production for the domestic market," he said.

He added that the consortium planned to increase its investment in the future.

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