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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Anglo rejects BHP takeover bid as significantly undervalued
India rice prices at three-month low on shrinking demand
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply
Oil settles higher as weak US economic growth offset by supply concerns
India's Vedanta misses Q4 profit estimates on lower prices