Petrobras to shut refinery on Okinawa island: Nikkei

Tokyo

BRAZIL'S state oil company Petrobras is exiting Japan due to shrinking oil demand, shutting down its refinery in Okinawa as early as this year and building an import terminal it will sell to another refiner, the Nikkei business daily reported on Friday.

Petrobras had said as early as 2011 that it would consider selling the 100,000-barrels-per-day (bpd) Nishihara refinery on the south-west Japanese island of Oki-nawa to focus on the development of its domestic offshore oil discoveries.