Japan’s refining reorganization is ‘inevitable’: minister

摘要

Tokyo-Japan’s reorganization of its refining industry is inevitable” in order to strengthen its presence in domestic and international markets, the country’s newly appointed Minister of Economy, Trade and Industry Hiroshige Seko said Thursday. In a group interview, Seko said: “The reorganization will be a major trend,” in response to a question on what would happen if the planned merger between refiners Idemitsu Kosan and Showa Shell collapses as a result of opposition from the Idemitsu’s founding family.