Showa Shell Sekiyu KK (5002.T)
21 Jun 2018
Fri, Jun 15 2018
* Size of Oasis stakes in Idemitsu, Showa Shell not disclosed
TOKYO, June 1 Japan's Idemitsu Kosan does not expect to close any domestic oil refineries as part of its long-delayed merger with smaller rival Showa Shell Sekiyu even as local demand for oil continues to fall.
TOKYO, April 2 Japan's Showa Shell Sekiyu KK said on Monday its group refineries would refine 1 percent less crude for the local market in April-June compared with a year ago, in line with their outlook for domestic demand.
* Japanese oil refiners Idemitsu Kosan and Showa Shell Sekiyu have started work to integrate the so-called loading programmes through which they purchase crude, Idemitsu's CEO said
* Japanese refiners Idemitsu Kosan and Showa Shell Sekiyu said on Friday they expect to cost cuts by 8 billion yen ($71 million) in the first year of their business alliance that started last April