Posted inPower List Oil & Gas Middle East Power 50 2020

Masahiro Okafuji

Masahiro Okafuji,Chairman and CEO,Itochu

Masahiro Okafuji

Itochu has operations across the Middle East, and in March 2018 bought Shell’s stake in the West Qurna 1 oilfield in Iraq for $406mn (and assumed $144mn in debt), expanding its regional presence. West Qurna 1 oilfield produces around 405,000 barrels of oil per day, making it a strong addition to Itochu’s portfolio.

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