TonenGeneral

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In 2017 the U.S. state of Michigan listed Tonengeneral as an Iran restricted company rendering Tonengeneral ineligible for investment and/or state contracting.

"Japanese oil refiner TonenGeneral Sekiyu has bought its first oil from Iran since becoming independent from U.S. oil major Exxon Mobil Corp, three industry sources familiar with the matter said.The company bought the Iranian spot cargo through a trading house due to attractive pricing and the shipment arrived Japan earlier this month, the sources said.TonenGeneral, formerly a unit of Exxon Mobil, previously could not buy Iranian oil due to its affiliation with the U.S. oil company.TonenGeneral Sekiyu, an aggressive buyer of cheaper crude grades, is known for having one of Japan's highest ratios of spot crude compared to term volumes, and will consider buying more Iranian oil depending on economics, the sources said." (Reuters, "Japan's TonenGeneral buys first oil from Iran - source," 7/28/2016)