RIO DE JANEIRO Oct 17 Brazil's state-controlled
oil company Petroleo Brasileiro SA said on Monday it
had agreed to sell its mothballed Okinawa refinery and related
assets to Japan's Taiyo Oil Co. for $129.3 million, according to
a securities filing.
Known as Nansei Seikyu, the Okinawa refinery company
supplies about half the fuel needs for the Japanese island, has
a capacity to produce 100,000 barrels a day, is home to 36
storage tanks that can hold 9.5 million barrels of petroleum and
derivatives, and port facilities, Petrobras said.
(Reporting by Jeb Blount; Editing by Sandra Maler)