TOKYO (AFX-ASIA) – Nippon Oil Corp said it has cut its current profit forecast for the six months to September to 19.5 billion yen from 24 billion projected previously as the company’s retail oil prices have failed to match the rising crude oil prices. (US$1=120 yen). The company said it now sees net loss at…
COMPANIES: Nippon Oil, Bangchak, Sinopec, BHP updates
Posted on November 18, 2002 by EnergyAsia