Nippon Oil Corp. will try to double its petroleum exports to 2.35 million kl, as well as increase contract production for a major Chinese oil firm by 20% to 2.2 million kl. That will give
Meanwhile, Taiyo Oil Co. and other midsize oil distributors reportedly will upgrade or create export facilities to step up their overseas shipments. Taiyo will upgrade the ship-loading pumps at its port facilities, while Mitsui Oil & Gas Co. will set up facilities to begin shipping jet fuel by June.
Last December, Taiyo, which refines petroleum products from light crude, announced plans to spend ¥50 billion to install cracking equipment for heavy oil at its
In January
PIN/OGJ.COM
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