TOKYO (AFX-ASIA) – Nippon Oil Corp shares have risen to 52-week highs after recent news report that it will close unprofitable gas stations. Nippon Oil plans to shut down about 20 unprofitable gas stations in fiscal 2004 and put up real estate and other assets worth 20-25 billion yen for sale, the Nihon Keizai Shimbun…
JAPAN: Nippon Oil sharply higher after report of consolidation plan
Posted on April 14, 2004 by EnergyAsia