JXTG NIPPON OIL & ENERGY CORPORATION Overview
Company Headquarters: Tokyo, Japan
Founded: 1888
Workforce: 9,030
Company Working: JXTG Nippon Oil & Energy Corporation (JXTG Nippon) is a fully integrated company offering petroleum products. The products offered by the company include lubricating oils, engine oils, gasoline, kerosene, as well as fuel cells, storage batteries, and others. It offers refrigeration oil under its lubricant’s product portfolio. It is engaged in business activities such as refining, manufacturing, marketing, and sale of petrochemical products along with import and sale of gas and coal as well as the supply of electricity and hydrogen. It has a refining capacity of 1.93 million barrels per day. It operates 16 manufacturing bases in Japan and is a subsidiary of JXTG Holdings, Inc.
Strategy
JXTG Nippon, in April 2016, concluded a strategic cooperation agreement with the Vietnam National Petroleum Group (Petrolimex), which has the largest share of sales in the petroleum products market of Vietnam, wherein JXTG Nippon is leveraging its expertise to increase the competitiveness of Petrolimex. It is also considering a joint operational structure for its Marifu Renery involving Petrolimex. Additionally, it is considering adopting a range of potential initiatives to expand the business of petroleum products and increase the distribution in Australia to meet the growing demand in South-East Asia.
