JX Holdings Inc. and TonenGeneral Sekiyu KK, Japan's third-largest oil refiner, finalized an agreement, effective April 1, 2017, to form the county’s biggest oil refiner, a giant with combined sales of 14 trillion yen (US$135 billion). The merger would create a refiner with control of about half of the country’s gasoline market.

Nynas reported that its naphthenics sales volumes in the second quarter 2016 increased more than 8 percent above the same period in 2015, but its naphthenics business operating result before depreciation (EBITDA) decreased to a loss of SEK 131 (US$15.3) million compared to a profit of SEK 49 million in the same period in 2015.

PetroChoice announced the acquisition of the lubricant division of Rex Oil Company in Thomasville, North Carolina. Established in 1932, Rex Oil Company services the Piedmont Triad area of North Carolina with dependable lubricant delivery to the commercial, automotive and industrial markets.

Motiva Enterprises announced last Tuesday the formation of its new 76® sales and marketing team. In February of this year, Phillips 66 and Motiva signed an exclusive long-term brand license agreement for the 76 brand covering the 26 eastern and Gulf Coast states of Motiva’s operating territory. Lubricants are not part of this agreement.

• Valvoline Channel Partner New West Oil Expands Operations to Las Vegas
• World Energy Acquires Elevance's 72 Million GPY Biorefinery in Natchez, Mississippi