Vision/Mission
Toward a vertically integrated global energy company.
The Cosmo Energy Group operates across the spectrum of the energy industry, from oil exploration & production in the Middle East to oil refining in Japan, as well as petroleum product sales in Japan and overseas.
The group is engaged in the energy business, which is indispensable to society, including the petrochemical and wind power generation businesses.
Our mission is to contribute to society thorough the safe and stable supply of energy. This includes geographic diversification of energy sourcing and the prompt restitution of an energy supply system times of disaster.
Recognizing the limited nature of traditional energy resources, we are steadfast in respect for the environment and society while working to realize sustainable growth.
Background
1986
Cosmo Oil was the surviving company through tripartite merger of Daikyo Oil, Maruzen Oil, and the former Cosmo Oil (Cosmo Refining).
1989
Asian Oil was merged into Cosmo Oil.
2007
International Petroleum Investment Company (IPIC) became our largest shareholder.
2014
We began strategic, comprehensive cooperation with CEPSA.
2015
We are transformed to a holding company structure.
Products/Services
We produce gasoline, gas oil, heating oil, and feedstock for petrochemicals, in accordance with market needs.
Location
Headquarters: Hamamatsucho BLDG., 1-1-1, Shibaura, Minato-ku, Tokyo, 108-8302, Japan
Competitive Advantages
The Cosmo Energy Group is participating in interests in the Middle East region as an operator that is in control of the development process, based on strong relationships of trust with Abu Dhabi in the United Arab Emirates (UAE), where it has established partnerships of trust over many years, and the State of Qatar. The Group is engaged in oil exploration and production mainly through three companies—Abu Dhabi Oil Co., Ltd. (ADOC), Qatar Petroleum Development Co., Ltd. (QPD), and United Petroleum Development Co., Ltd. (UPD). Among these, the ADOC project in particular has been continuing to produce oil steadily for nearly 50 years, and now the group is promoting the development of the Hail Oil Field, which is projected to generate production volume equivalent to that of the three oil fields already engaged in production.
Moreover, in 2014, Cosmo Energy Group signed a memorandum of understanding regarding the establishment of a strategic comprehensive alliance with International Petroleum Investment Company’s (IPIC’s) wholly-owned subsidiary Compañía Española de Petróleos, S.A.U. (CEPSA), a major Spain-based oil company. And in November of the same year, this alliance was strengthened further by accepting a 20% investment by CEPSA in Cosmo Abu Dhabi Energy Exploration & Production.
Management
President, Representative Director, Chief Executive Officer: Keizo Morikawa
Employees
7,116 (as of March 31, 2016)
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