10 MAY 2017
Idemitsu Kosan Co. and Showa Shell Sekiyu K.K., whose planned merger is being blocked by Idemitsu’s founding family, said Tuesday they will increase collaboration.
The collaboration between the two Japanese refiners will include joint procurement of crude oil and equipment, mutual supply and joint transportation of oil products, and integrated refinery operations.
The two will also step up personnel exchanges.
Idemitsu and Showa Shell aim for an annual synergy effect of over ¥25 billion ($220 million) within three years, including by reducing costs.
“There is no change in our plan to merge the two companies as early as possible,” Idemitsu Chief Executive Officer Takashi Tsukioka said at a meeting of officials from both companies.
“This is the first step toward the merger,” Showa Shell President and CEO Tsuyoshi Kameoka said at the meeting.
The collaboration comes after JX Holdings Inc. cemented its position as industry leader through a merger with TonenGeneral Sekiyu K.K. last month.
But the synergy effects from the collaboration between Idemitsu and Showa Shell are limited compared with those from the merger. The two companies aim to achieve an annual synergy effect of ¥50 billion within five years of the merger.
Idemitsu acquired a 31.3 percent stake in Showa Shell in December in an effort to promote talks with the founding family, which controls over one-third of Idemitsu.
But the talks on the merger have been deadlocked.
“We still have no idea when we’ll be able to gain permission from the founding family,” Idemitsu Director Susumu Nibuya said.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
