Oil experts huddle in Tokyo to seek refuge from China fuel flood
Huddled deep within Tokyo's government district, nearly two dozen of Japan's top oil experts pore over a problem plaguing their industry: How can they stop China from pushing its crude refiners into a corner? The task force, summoned by the trade ministry, needs a strategy ...
Shareholders approve JX, TonenGeneral merger, forming new oil giant
Shareholders of JX Holdings Inc., Japan's biggest oil refiner, and third-ranked TonenGeneral Sekiyu K.K. approved a planned April merger on Wednesday. The new firm, to be launched April 1, will be named JXTG Holdings Inc., with sales topping more than ¥11 trillion ($93 billion) when ...
Regulator approves JX-TonenGeneral and Idemitsu-Showa Shell mergers
The Fair Trade Commission has approved the merger of Japan's largest oil refiner, JX Holdings Inc., and third-ranked TonenGeneral Sekiyu K.K. The commission also allowed Idemitsu Kosan Co., the second-biggest oil refiner, to buy shares in fifth-ranked Showa Shell from Royal Dutch Shell PLC. The ...
JX, TonenGeneral finalize merger as Japan's biggest oil refiner
JX Holdings Inc. and TonenGeneral Sekiyu KK on Wednesday finalized an agreement to form Japan's biggest oil refiner starting in April. JX Holdings will give 2.55 shares for each TonenGeneral share, the two companies said in a joint statement. The deal values TonenGeneral at ¥965.2 ...
