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Arabian Oil, Kuwait reach oil drilling deal

TOKYO, Japan - Keiichi Konaga, president of Arabian Oil Co., Japan's leading crude oil producer, said March 27 in Tokyo that the company has struck a deal with the Kuwaiti government to continue operations in Kuwait's Khafji oil field after it loses concessions there in January next year.

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Hiranuma, Kuwaiti oil minister meet

KUWAIT CITY, Kuwait - Japan's Economy, Trade and Industry Minister Takeo Hiranuma (R) shakes hands with Kuwaiti Oil Minister Adil Khalid al-Subih on July 7. Subih agreed to allow Japan's Arabian Oil Co. to extend its operational rights at the Khafji oil field.

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Arabian Oil, Kuwait reach oil drilling deal

TOKYO, Japan - Keiichi Konaga, president of Arabian Oil Co., Japan's leading crude oil producer, said March 27 in Tokyo that the company has struck a deal with the Kuwaiti government to continue operations in Kuwait's Khafji oil field after it loses concessions there in January next year.

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Hiranuma, Kuwaiti oil minister meet

KUWAIT CITY, Kuwait - Japan's Economy, Trade and Industry Minister Takeo Hiranuma (R) shakes hands with Kuwaiti Oil Minister Adil Khalid al-Subih on July 7. Subih agreed to allow Japan's Arabian Oil Co. to extend its operational rights at the Khafji oil field.

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Arabian Oil to cut Japanese workforce by 45%

TOKYO, Japan - Keiichi Konaga, president of Japan's Arabian Oil Co., announces in Tokyo on March 6 that the company will cut its Japanese workforce by 45% this month as part of its operational restructuring following the loss of its oil drilling concessions in Saudi Arabia on Feb. 27. Arabian Oil's operations in the Khafji oil field have been halved, limiting them to the part of the field controlled by Kuwait.

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Arabian Oil loses drilling rights in Saudi Arabia

TOKYO, Japan - Keiichi Konaga, president of Japan's Arabian Oil Co., tells reporters in Tokyo on Feb. 28 that the company had lost oil drilling concessions in Saudi Arabia when the deadline for renewal expired at 6 a.m. Japan time the same day. As a result, Arabian Oil's operations in the Khafji oil field will be reduced by half, limiting them to a part of the field controlled by Kuwait.

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Arabian Oil chief speaks on his Saudi visit

TOKYO, Japan - Keiichi Konaga, president of Japan's Arabian Oil Co., speaks to reporters Feb. 23 after reporting to International Trade and Industry Minister Takashi Fukaya on his visit to Saudi Arabia last week. Konaga said Arabian Oil will continue efforts to reach a settlement on renewal of its drilling rights in the Khafji oil field between Saudi Arabia and Kuwait.

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Japan's trade minister seeks Saudi's oil rights

RIYADH, Saudi Arabia - Japan's trade minister Takashi Fukaya (L) meets with Saudi Minister of Petroleum and Mineral Resources Ali Ibrahim al-Nuaimi in Saudi capital Riyadh on Jan. 15 in a bid to persuade Saudi Arabia to renew oil-drilling rights for Tokyo-based Arabian Oil Co. Arabian Oil's drilling rights in the Khafji oil field off the former neutral zone between Saudi Arabia and Kuwait expire at the end of February.