ESAI: Japan's petroleum deregulation to be completed by 2001

Deregulation of Japan's petroleum industry is likely to be completed by 2001. Protectionists measures, such as high tariffs on fuel oil imports, will also be eliminated. Thereafter, the government's focus will be on energy security, safety, and the environment. But the government will avoid excessive regulation, as it seeks to improve efficiency and competition in the industry. These are the main conclusions of an analysis of Japanese petroleum deregulation by Energy Security Analysis Inc., Cambridge, Mass., that is incorporated in a larger study, "Refining Profitability After 2000," to be released this month. Evolution ESAI's analysis hinges on how Japa...

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