Pressure building to restructure Japan's beleaguered refining-marketing sector

The Hokkaido refinery operated by Idemitsu Kosan Co. Ltd. accounts for part of the 5.3 million b/d of refining capacity in Japan that is underutilized. Analysts say at least 1 million b/d of Japan's refining capacity must be closed to bring utilization up to acceptable levels, a process they contend is moving too slowly. Photo courtesy of Idemitsu Kosan. Japan's network of service stations, such as this one, owned by Idemitsu Kosan Co. Ltd., faces a massive consolidation in the wake of deregulation of the country's refining-marketing sector. Photo courtesy of Idemitsu Kosan. [34,099 bytes] Nippon Oil-Mitsubishi Oil Comb...

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