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General News 1/26/2010 at 8:34 PM EST

Japan's underused Petroleum Infrastructure Presents Oil Storage Opportunity

Quicklink Submitted By OilGuy No comments

OilGuy

As we've discussed, Japan is using a lot less oil these days. In the last year, Japanese consumption dropped 800,000 barrels per day.
That's leaving the country's petroleum infrastructure under-used. Nippon Oil plans to idle 20% of its refineries by 2015.

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At www.oilprice.com

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Related Topic(s): Oil; Oil; Oil Cost Of $$$; Oil Demand Supply; Oil Foreign Ownership; Oil Nationalized Ownership; Oil Policy; Oil Reserves, Add Tags

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