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News Release

FY2018

April 4, 2018

JXTG and PETROLIMEX Sign MOU on Joint Project in Japan

   JXTG Nippon Oil and Energy Corporation (JXTG) announces today that it has signed a memorandum of understanding with Vietnam National Petroleum Group (PETROLIMEX) to carry out a feasibility study on the cooperative project utilizing its Marifu Refinery in Japan.

   JXTG and PETROLIMEX, as strategic partners, have been conducting a joint study on multiple collaborative projects. This joint project will secure supply sources and outlets for petroleum products in the future international petroleum market, and thus it will be a significant step for both companies. They will aim to complete the joint study by April of 2019.

   JXTG will continue to pursue a closer cooperative relationship with PETROLIMEX to develop new collaborative business opportunities.

1. Date of Execution of the Memorandum of Understanding

4th April 2018

2. Signatories

Tsutomu Sugimori : President and Representative Director, JXTG

Bui Ngoc Bao : Chairman of Board of Management, PETROLIMEX

MOU Signing Ceremony
Right: President and Representative Director, JXTG, Tsutomu Sugimori
Left: Chairman of Board of Management, PETROLIMEX, Bui Ngoc Bao

Notes

1. Company Profile of Vietnam National Petroleum Group

(1)Head Office Ha Noi
(2)Established January, 1956
(3)Capital 12.9 trillion Vietnamese Dong
(4)Representative Bui Ngoc Bao
(5)Business Activities Import and Sales of petroleum and petrochemical products

2. Overview of Marifu Refinery

(1)Location 1-1, Waki 6-chome, Waki-cho, Kuga-gun, Yamaguchi
(2)Established December, 1943
(3)General Manager Eiji Kato
(4)Employees 308 (as of 1 April, 2018)
(5)Site Area Approximately 660 thousand square meters
(6)Refining Capacity 120,000 barrels per day
(7)Primary Equipment
  (Barrels per Day)
Vacuum Distillation Unit 75,000
Fluid Catalytic Cracking Unit 30,000
Continuous Catalytic Regeneration Unit 24,000
(8)History 1943 Inaugurated as the Marifu Refinery of Koa Oil
1989 Completed the integrated control room
1996 Refining capacity expanded to 127,000 barrels per day
2004 Started electric power sales