Japan's downstream forms alliances

11/08/1999
Major Japanese oil companies Showa Shell Sekiyu and Japan Energy Corp. are winding up talks aimed at forming a broad business alliance. The partnership would be the second largest oil group in Japan, behind the combine announced earlier this month by Nippon Mitsubishi Oil Corp. and Cosmo Oil Co. Ltd. (OGJ, Oct. 18, 1999, Newsletter).Meanwhile, Nippon Mitsubishi Oil and Idemitsu Kosan Co. are to expand their agreement for mutual supply of oil products starting next April.Showa Shell-JECThe comprehensive alliance between Showa Shell and Japan Energy will be conducted in four sectors: refining, crude oil procurement, distribution, and lubricants.Showa Shell and Japan Energy began cooperation...
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