25 March 2011 07:28 [Source: ICIS news]
By James Dennis
The three refineries totalling 617,500 bbl/day, or 14% of the overall country’s refining capacity, remain shut following the devastating earthquake and tsunami of 11 March.
These include JX Nippon’s 145,000 bbl/day
Authorities in Japan, which is the world’s third-largest oil consumer, have moved to alleviate the country’s shortfall in oil products by increasing the operating rates at other refineries and allowing the release of oil products from emergency industry reserves.
In addition, refiners have increased their oil product purchases from the international market.
Since the 11 March earthquake, the Japanese Government has lowered the obligatory level of emergency stocks held in private reserves from 70 days to 45 days worth, releasing an estimated 66m bbl of crude oil and oil products.
Japanese refiners JX Nippon Oil & Energy and Cosmo Oil last week raised the production rate at their refineries in western
JX Nippon will increase its crude production by a further 20,000 bbl/day this weekend, after gaining approval to raise the capacity at its refinery in Mizushima to 400,000 bbl/day, a company official said.
JX Nippon had earlier raised the production rate at its 136,000 bbl/day refinery in
Cosmo Oil has raised the output at its 125,000 bbl/day refinery in
Meanwhile, the restart dates for the Sendai, Kashima, and Chiba refineries have not been released as all three facilities have been damaged, company officials said.
However, Cosmo Oil says it has extinguished the fire at its
The port discharge facilities at JX Nippon’s Kashima refinery were reopened on Friday (25 March) and the refiner was accepting oil product shipments there, a company official said.
In addition, JX Nippon said the supply capacity of gasoline, gasoil and kerosene by tank truck to customers in the Kanto and Tohoku regions has been restored to pre-earthquake levels.
However, there remained some bottlenecks due to infrastructure damage in the region, it added.
Cosmo Oil also said on Friday that its refinery in
A total of six refineries with a total capacity of 1.4m bbl/day – around 30% of
However, the operations at many of those refineries were resumed within 10 days of the earthquake.
Tonen General Sekiyu restarted its 335,000 bbl/day refinery in
JX Nippon restarted its 270,000 bbl/day Negishi refinery in Kanagawa prefecture just south of
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|