Nippon Oil Group Announces Alliance, Reduced Refining Capacity

摘要

Nippon Oil Corp., (NOC) has concluded an alliance with Idenitsu Kosan Co. Ltd. accompanying idemitsu's decision to stop operations at its Hyogo Refinery. Beginning in April 2003, NOC will supply 40,000 bpd of petroleum products to Idemitsu. In addition, to increase the efficiency of its supply systems, the NOC Group has announced that it will reduce the capacity of its refineries by 10,000 bpd.