Japan Energy to refine 9 pct less crude y/y in July-Sept
TOKYO, June 24 |
TOKYO, June 24 (Reuters) - Japan Energy Corp, the nation's sixth-biggest oil refiner, said on Wednesday it plans to cut its crude oil processing volumes for July-September by 9 percent from the same period a year earlier, citing slow domestic demand.
Japan Energy, the refining unit of Nippon Mining Holdings Inc 5016.T, plans to refine 5.31 million kilolitres (367,000 barrels per day) of crude oil including condensate in the third quarter, a company spokesman said.
For the April-June period, Japan Energy estimated its crude refining volume at 5.14 million kl, including condensate, down 9 percent from a year earlier and down from its initial plan of 5.20 million kl. (Reporting by Osamu Tsukimori)
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