(EnergyAsia, October 27 2010, Wednesday) — Falling domestic oil demand may prompt Japanese refiner Cosmo Oil Co to slash its 500,000 b/d refining capacity by as much as 20% by fiscal year 2013. The company is looking to close part of its operations at four refineries, a trend spreading among downstream oil companies in Japan….
JAPAN: Cosmo to cut crude processing capacity to boost profitability
Posted on October 26, 2010 by EnergyAsia