TOKYO, Mar 30 (Pulse News Wire) – Mitsui & CO.,LTD. (8031.T) announced today that the completion of its sale of full interests in Block 3&4 and Block 9 oil and gas fields in Oman through its subsidiary, Mitsui E&P Middle East B.V.
(MEPME), to Kistos Energy Middle East Limited would not occur within the fiscal year ending March 2026 due to delays in obtaining necessary approvals from regulatory authorities. Originally scheduled for completion during the fiscal year 2026, the transaction now faces challenges in securing timely regulatory permissions. The company remains committed to finalizing the requirements and aims for early completion.
Any impact on earnings related to this transaction will be determined once the precise amount and timing of the accounting entries are finalized. In addition to the delay, Mitsui & Co. emphasized that the actual performance, financial condition, or cash flow could differ significantly from forward-looking statements due to various risks and uncertainties.
The company stated that it does not undertake any obligation to update or revise such forward-looking statements.
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