Japan's biggest oil refiners eye ¥100 billion savings in merger

Dec 3, 2015

Japan's biggest oil refiners eye ¥100 billion savings in merger

JX Holdings Inc. and TonenGeneral Sekiyu K.K., Japan’s two biggest oil refiners, officially announced Thursday they intend to merge in April 2017, creating a company with control of more than half the country’s gasoline market. JX’s wholly owned subsidiary JX Nippon Oil & Energy ...