Nippon Oil Corp. profit surged 84% in the first-quarter, prompting Japan's biggest refiner to raise its full-year forecast as higher crude oil prices boost the value of the company's inventories. Nippon Oil is benefiting from rising Chinese demand for petrochemicals, increasing output of products such as paraxylene.
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Saturday, August 04, 2007
Nippon Oil Q1 profits surge 84% largely due to rising petrochem demand
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