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Listen: Regulations, reduced demand significantly diminish Japanese oil refining capacity

Takeo Kumagai , senior editor for Platts oil news, talks with James Bourne, associate editorial director for oil news in Asia, about how operable capacity for oil refining in Japan has dropped roughly 20% on government regulations and waning domestic demand. Imports of certain products may increase as some refiners are turning their facilities into petrochemical plants, which would increase demand for naphtha, and power generation demand is expected to rise over the summer, when fuel oil could fill the void left by nuclear power.

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