Cosmo Oil Co., Ltd. (hereinafter "Cosmo", headquarter: Minato-ku, Tokyo, Japan; President: Yaichi Kimura; Paid-in Capital: JPY 107.2 billion) announces the revision to the CDU nameplate capacity of the refineries.
This revision is made to secure optimum production structure together with establishing the most suitable domestic demand & supply balance.
In parallel, Cosmo is currently reviewing its refinery network taking into consideration the declining domestic demand and will announce its direction in the next "Mid-Term Management Plan".
- Description of Reduction of CDU Nameplate Capacity
| Refinery
| CDU Nameplate Capacity After Revision
| Reduction Capacity
|
| Chiba |
220,000 bbls/day |
-20,000 bbls/day |
| Yokkaichi |
125,000 bbls/day |
-50,000 bbls/day |
| Sakai |
100,000 bbls/day |
+20,000 bbls/day |
| Sakaide |
110,000 bbls/day |
-30,000 bbls/day |
| Total |
555,000 bbls/day |
-80,000 bbls/day |
(1 bbl≒159 Liters)
- Effective Date
February 2, 2010
