Energy Industry
Industry: Email Alert RSS FeedOIL INDUSTRY MERGER AUTHORISED.
Europe Energy, May, 2008
The European Commission granted clearance, on 29 April, to the acquisition of joint control of Total Isu Oil Company Ltd (TIOC, South Korea) by Total France SA and S-Oil Corporation (South Korea). Total France refines and sells petroleum products, including lubricants, in and outside Europe.
S-Oil refines and manufactures base oils and lubricants for sale mainly in South Korea but also abroad. TIOC manufactures, sells and distributes lubricants, mainly in Korea.
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