New Japanese oil giant created with Idemitsu-Showa Shell merger

Business / Corporate Apr 1, 2019

New Japanese oil giant created with Idemitsu-Showa Shell merger

Idemitsu Kosan Co., Japan's second-largest oil wholesaler, and fourth-ranked Showa Shell Sekiyu K.K. merged Monday, creating a new oil giant to better compete in increasingly challenging market conditions amid falling demand for gasoline. The new company, with combined sales of over ¥5 trillion, is set ...

Business / Corporate Dec 25, 2013

Refiners to merge LPG operations

Three oil refiners and trading firm Sumitomo Corp. plan to merge their liquefied petroleum gas import and wholesale operations in a move that would give them the largest share of Japan's LPG market. The refiners are Cosmo Oil Co., TonenGeneral Sekiyu K.K. and Showa Shell ...