(EnergyAsia, July 17, Friday) — Japan’s oil refiners may be forced to shut down more than 20% of their refining capacity over the next few years in direct response to plunging demand. The shutdown could affect about one million barrels a day in capacity. The Japanese government has projected an annual drop of oil sales…
JAPAN: Refiners may shut down some 20% of refining capacity
Posted on July 16, 2009 by EnergyAsia