Encouraged by the establishment of Japan Petroleum Development Corporation in October 1967, eleven companies, including AOC and NOSODECO which have been producing petroleum abroad, are extending their businesses to and are actively conducting explorations in the Middle East, South East Asia, Oceania and North America. The aim of our national energy policy is to secure stable and economical supply of petroleum for Japan throngh development by our own hands 30% of our total consumption of 480 million kl in 1985.
In order to attain this purpose, obtaining further petroleum rights actively and longrange continuous exploration investments are needed.
Oil enterprises of every country have in recent years been finding their ways into every part of the world. Based on the estimation by Dr. Weeks, additionally about 220 billion kl of world petoroleum reserves remains as the object of exploration.
As a countermeasure for air pollution, introduction of LNG, in parallel with development of low sulfur crude oil shoud be promoted.
