JX Nippon Oil opens new headquarters in Dubai

Japan’s JX Nippon Oil & Energy Corp. has announced the opening of its new headquarters in Jebel Ali Free Zone in Dubai. Michio Ikeda, Senior Vice-President of JX Nippon Oil said “Our growth in high-growth international markets is imperative, considering that the world’s demand for energy is increasing exponentially, especially in Asia, and that international competition for acquiring rights for the development of oil and gas resources is becoming increasingly intense.” Ikeda added that NOE was affected by the Great East Japan Earthquake on March 11, 2011, during which two of its refineries – Sendai and Kashima – suffered severe damages. “It is almost a year after disaster struck our operations but we have managed to bounce back by restarting our operations in June 2011 and we look forward to 100% operating capability by the end of this month,” he said. The new corporate office in the UAE will be overseeing the group’s lubricants business in the Middle East, Africa, Pakistan and several countries in the CIS Region and will be headed by its Managing Director Tomohiko Kagawa. (April 25, 2012)