japan proposes oil refiners must raise fuel oil processing in Nigeria

Japan's top oil refiners, Eneos and Idemitsu, are scaling back investments in low-carbon technologies amid rising costs and focusing on fossil fuels to ensure energy security.

In the mid- to long-term measures after fiscal year 2025-26 (April-March), Japan said it will secure further jet fuel supply capacity from turning existing storage tanks at

Japan is proposing its oil refineries increase the amount of residual fuel oil processed at the plants in a third round of directives to streamline the nation's refining sector.

Japanese oil companies are scaling back decarbonization initiatives, including hydrogen and ammonia projects, amid a global shift towards more stable and cost-effective

The third-stage rationalisation plans overseen by the industry ministry (Meti) require Japanese refiners to raise oil products upgrading capacity further over the five years to March 2025.

The government wants to increase efficiency in the industry to help them compete against regional refiners. The latest directive will push the refiners to increase their so-called

Outlook of Japan's Oil Refining Industry and refined petroleum products beyond 2025 Forecasts of refined products production and consumption along with major refining

Refined fuel consumption in Japan is projected to decline further, averaging at -1.7% annually between 2025 and 2033. Japanese refiners are

Complexity refers to a refinery’s secondary processing capacity, such as hydrocracking and coking, which upgrades low-value heavy fuel oil

Japanese refiners have been reducing oil processing capacity in the past decade to reflect falling demand due to an aging population, a decreasing birthrate, and a shift towards more fuel

China's central planning agency is urging refiners to reduce fuel production and increase petrochemical output due to declining fuel demand and the rise of EVs.

Japanese oil refiners believe concrete regulations and frameworks are needed to encourage airlines to use sustainable aviation fuel and develop supply chains to support

Japanese refiners have been reducing oil processing capacity in the past decade to reflect falling demand due to an aging population, a decreasing birthrate, and a shift

Nigeria's oil regulator has struck a deal with producers to allow sales of crude to refiners at market prices, ending a supply dispute that had strained relations with international oil

Refiners of all fuel-producing configurations are benefitting from current margins, FGE's head of refining Qilin Tam added, as light fuels such as gasoline and heavy products like fuel oil have

Nigeria's Dangote Oil refinery, Africa's largest, could begin operating at full capacity in 30 days, the head of the refinery said on Monday.

European oil refineries will have to adapt to the energy transition or face a heightened risk of closure by 2035, a panel of executives said at the Financial Times Commodities Global Summit in

1 Introduction Refining is a key step in the oil industry, as we do not directly consume crude oil. A petroleum refinery is a set of installations intended to transform crude oil,

Foreword Over the last four decades, Nigeria has consistently struggled to keep its refineries functioning optimally. Despite having a nameplate refining capacity that exceeds demand,

TOKYO (Reuters) -Japanese oil companies are scaling back decarbonisation initiatives, including hydrogen and ammonia projects, amid a global shift towards more stable