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Japanese Idemitsu, Showa Shell to form business alliance

by ChemOrbis Editorial Team - content@chemorbis.com
  • 09/05/2017 (11:40)
According to Reuters, Japanese Oil Refiners Idemitsu Kosan Co Ltd and Showa Shell signed a deal to form a business alliance before Idemitsu’s takeover of Showa Shell takes place.

The deal reportedly includes a closer cooperation in crude purchases and transportation as well as production plans.

The new deal will provide the companies a cost saving of 25 million yen ($220 million) in three years, the reports revealed.
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