Eneos Corporation,  formerly known as JXTG,  announced that it has agreed to continue collaborating with PetroChina International (Japan) Co., Ltd. (PCJP), a wholly owned subsidiary of China’s PetroChina International Co., Ltd. Their joint venture called Osaka International Refining Company, Limited (OIREC), which is 51% owned by Eneos and the rest by PetroChina, will take over […]

JXTG Nippon Oil & Energy Corporation is acquiring the Osaka refinery, which is currently operated by Osaka International Refining Company, Limited (OIREC). After the acquisition is completed, JXTG will cease to operate the oil refinery and repurpose it as an asphalt-fueled electric power facility. This change is expected to take place in October 2020. OIREC […]