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| Crude Processing Plan for June 2003 |
| 05/06/2003 |
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Showa Shell Sekiyu Group has set its crude processing volume for June, 2003 at 2,400,000 KL (125% year on year basis)
The Company decided to increase the refining volume to meet the continued demand increase for C Fuel Oil for power generation due to the nuclear power plant shut down, and also because there is no plan for scheduled shutdown for maintenance at Showa Yokkaichi Refinery this year whereas there was one last June at the refinery.
Incidentally the supply volume, especially of middle distillates will likely run short under this processing plan, but when necessary we will complement the shortage by product import and domestic purchase.
After June onward also we will try to ensure stable supply of fuel products in the domestic market by product import and domestic purchase as necessary.
Crude processing volume of Showa Shell Sekiyu Group refineries for the second quarter reaches 7,300,000KL (119.7% of last year's actual), but we will continue to review our manufacturing plan taking into consideration the supply/ demand trend henceforth.
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