Exxon Mobil: Japanese fuel terminal reopens

AP News
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Posted: Mar 23, 2011 2:29 PM
Exxon Mobil: Japanese fuel terminal reopens

Exxon Mobil Corp. said Wednesday that its Japanese division has reopened its Shiogama Terminal, enabling the delivery of increased fuel supplies to the Tohoku area of Japan that was devastated by the earthquake and tsunami.

The oil company said the terminal received its first shipment of 1 million liters of gasoline and 1 million liters of kerosene, to be used as heating fuel, on Tuesday.

Exxon Mobil affiliate refiner TonenGeneral Sekiyu K.K. said the reopening restores the most critical link to the affected area.

The Japanese government "has asked fuel suppliers to support its relief efforts in the earthquake impacted areas," Philippe Ducom, TonenGeneral's president, said in a statement. "We are answering that call."

Exxon Mobil also has made its terminal available for use by other companies with ready fuel supplies.

The company said its four Japan Group refineries are now fully operational and running ahead of their normal rates to meet the increased demand for fuel.

In addition, TonenGeneral's Kawasaki refinery is maximizing the generation of electricity, and the refinery in Wakayama has begun filling and shipping 1,000 drums of diesel and kerosene to be used by emergency vehicles, shelters and hospitals.

Meanwhile, Exxon Mobil said it has donated $1 million to the Japanese Red Cross Society to provide disaster relief assistance and agreed to match up to $2 million in contributions from employees and other affiliates.

Shares in Exxon Mobil slipped 21 cents to $82.35 in afternoon trading.