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flag Japex shifts focus back to oil and gas, scaling back on renewables, targeting higher profits in the U.S. and Norway.

flag Japan's oil and gas company Japex is shifting focus back to oil and gas exploration and production through 2030, scaling back on renewable energy investments due to lower returns. flag The company plans to invest more in the U.S. and Norway, aiming for sustainable profits in an environment of rising energy prices. flag Japex expects oil and gas to continue contributing 70-80% of earnings.

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