Japan's JXTG plans 1.5t yen in capital expenditure over next 3 years

[TOKYO] JXTG Holdings, Japan's biggest oil refiner, said on Wednesday it plans to spend a total of 1.5 trillion yen (S$20 billion) in capital expenditure for the next three years to end-March 2023 under a new mid-term business plan.

The new plan is based on an assumption that a decline in demand for petroleum products and others due to the Covid-19 pandemic will continue in the April-September half of the current fiscal year, JXTG said.

REUTERS