Nippon Oil, others deny Libya refinery project
Tokyo, December 14, 2007
Japan's top oil refiner Nippon Oil and two oil and gas developers Inpex Holdings (Inpex) and Japan Petroleum Exploration Co Ltd (Japex) denied a report that they were in talks to build an oil refinery in Libya.
The Nikkei business daily said a consortium of five Japanese firms, also including JGC Corp and Nippon Yusen KK, were in discussions with an eye towards building a 200,000 barrels per day facility in a 400 billion yen ($3.6 billion)-500 billion yen ($4.5 billion) project.
Inpex and Japex called the Nikkei report "groundless." A Nippon Oil spokesman also denied the report.Reuters