Cease of Refining Operation at Toyama Refinery of Nihonkai Oil Co., Ltd. / Conversion of Refinery to an oil terminal

abarrelfullabarrelfull wrote on 08 Mar 2013 19:02

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January 13, 2009

Nippon Oil Corporation (hereinafter referred to Nippon Oil; President: Shinji Nishio) and its consolidated refining subsidiary, Nihonkai Oil Co., Ltd. (hereinafter referred to Nihonkai Oil; President: Akio Sakon), hereby announce that both companies have decided a schedule for the cease of refining operation at Nihonkai Oil’s Toyama Refinery and an outline for the conversion to an oil terminal as follows.

Initially, we planned the cease of refining operation at the end of March 2009. However, given an unexpectedly serious decrease in domestic demand of oil, we reviewed the situation and have decided to cease the operation at the end of January 2009, earlier than originally planned for production adjustment.

Transition to an oil terminal company will be completed in April 2009. Even after ceasing refining operation and becoming an oil terminal company, we will continue to contribute to the development of the local economy through the stable supply of petroleum products.

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