Nippon Oil Corp. is ramping up its motor oil business on opposite sides of the globe. Japans largest oil company announced late last month that it plans to quadruple its motor oil sales in the United States from 2001 to 2005. Separately the company said it plans to more than double its sales volume in China and other parts of Asia during the same period.
In the United States Nippon sold 10,000 kiloliters (2.6 million gallons) of motor oil during 2001 and wants to raise that level to 40,000 kiloliters (10.4 million gallons) within three years. The company plans to open a Chicago office dedicated to motor oil sales in January 2003 and recently contracted with Petro-Canada to blend its products. Nippon currently consigns production to ChevronTexaco.