Japan's Cosmo Oil to cut Q2 processing volume 9.3%

Japan's 4 first major refinery Cosmo Oil Corp. 3 month 26 in here, because of the domestic demand for petroleum products declined, the company plans to put the first 2 quarters of crude oil processing volume reduction of 9.3% over the same period last year.

Cosmo Oil Corp. Said that the company plans to put the first quarter of 2 to reduce the volume of crude oil processed 64 million liters, but, Cosmo Oil Corp. Did not disclose its planned 2-quarter of the total volume of crude oil processed.

Decline in domestic demand due to seasonal maintenance and more, many of Japan's oil refineries have been announced recently to cut the first 2 quarters of the volume of crude oil processed.

Source: www.in-en.com Mar. 30, 2009