Japanese companies Itochu and Inpex applied to Russia's Federal Antimonopoly Service seeking permission to acquire a stake in CJSC INK-Zapad, the regulatory body informed.
Itochu and Inpex intend to become co-owners of INK-Zapad through the acquisition of 49% in Japan South-Sakha Oil (a wholly owned subsidiary company of Japan's JOGMEC).
Japan South-Sakha Oil currently owns 49% of INK-Zapad shares, while the stake of INK-NefteGazGeologiya is 51%.
It will be recalled that in 2006, INK-NefteGazGeologiya won the auction for the right to develop the Zapadno-Yaraktinsky and Bolshetirsky oil and gas blocks in Irkutsk region. In May 2009, INK and JOGMEC signed a contract on joint prospecting projects, with INK-Zapad established to that effect.