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Japan-Update

Iran gives 5 Japan companies right to bid on energy projects

Paves way for re-entry into market blocked off by sanctions

TOKYO -- Five Japanese business groups won certification to bid on Iranian oil and gas development projects, according to the Middle Eastern country's state oil company.

National Iranian Oil announced Dec. 31 that 29 firms had pre-qualified to put in offers for Iranian energy projects. Inpex, Mitsui & Co., Mitsubishi Corp., Itochu and Japan Petroleum Exploration were the Japanese companies selected.

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