Nippon Oil - History

History

The company was established 1888 as the "Nippon Oil" (日本石油, Nihon Sekiyu?), "Nisseki" (日石) for short. In 1999, the company merged with and absorbed the former "Mitsubishi Oil" (三菱石油, Mitsubishi Sekiyu?). The merged company was called "Nippon Mitsubishi Oil" (日石三菱, Nisseki Mitsubishi?) until 2002, when it adopted its present name.

In late 2009, Nippon Oil announced its most recent merger activity. An excerpt from the press release is attached:

Nippon Oil Corporation and Nippon Mining Holdings, Inc. have been working towards their business integration based on the business integration agreement entered into on October 30, 2009 and the share transfer plan for the establishment of the holding company, assuming the approval of the general meetings of shareholders of Nippon Oil and Nippon Mining and of the regulatory authorities. As the Companies have agreed upon the operational structure of oil refineries, manufacturing facilities and branch offices of JX Nippon Oil & Energy Corporation to be established on July 1, 2010 (“JX Nippon Oil & Energy,” a wholly owned petroleum refining and marketing business company of JX Holdings, Inc. to be established on April 1, 2010) and the branding to be used by JX Nippon Oil & Energy...

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