10 April 2008 11:22 [Source: ICIS news]
SINGAPORE (ICIS news)--Nippon Oil Corp has decided to shut down its 60,000 bbls/day refinery in ?xml:namespace>
“The current domestic demand for oil has been decreasing due to the increasing oil prices. This has made the business environment very tough, especially for the
“The current market situation is not very forgiving for heavy oil products such as fuel oil. Ideal products now will be gasoline and gas oils, which are in the light oil products range,” the spokesperson added.
Nippon Oil has seven refineries in the country, producing up to 242,000 bbl/day of gasoline.
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