JX to take over TonenGeneral in Japan refinery consolidation

(From L) JX Nippon Oil & Energy Corp. President Tsutomu Sugimori, JX Holdings Inc. President Yukio Uchida, Chairman Yasushi Kimura, TonenGeneral Sekiyu K.K. President Jun Muto and Vice President Takashi Hirose pose for a photo after a press conference in Tokyo on Dec. 3, 2015. JX Holdings, Japan's largest oil refiner, said it has agreed in principle to take over its smaller rival TonenGeneral in 2017. (Kyodo) ==Kyodo

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