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FACTS: Earthquake, tsunami take 'massive toll' on Japan's refineries

04/18/2011
Eric WatkinsOil Diplomacy EditorJapan's refining industry has been hard hit by the 9.0-magnitude earthquake and resulting tsunami that struck the country on Mar. 11, according to a report by FACTS Global Energy."At one point, as many as six refineries halted operations, suspending approximately 1.4 million b/d of refining capacity, or about a third of Japanese total capacity," FACTS said."This significant shutdown of refining capacity is expected to help to tighten the petroleum product markets in the region as Asian refineries enter the spring maintenance season," the FACTS report said.Fortunately, planned shutdowns this year—mostly from China, South Korea, and ...
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