Japan Energy Corp, the nation's sixth-biggest oil refiner, said on Wednesday it plans to cut its crude oil processing volumes for January-March by 11 percent from the same period a year earlier, the Associated Press reported.
Japan Energy, the refining unit of Nippon Mining Holdings Inc, plans to refine 5.55 million kilolitres of crude oil including condensate in the first quarter of next year, a company spokesman said.
For the October-December period, Japan Energy estimated its crude refining volume at 6.21 million kl, including condensate, up 3 percent from a year earlier but down from its initial plan of 6.27 million kl.