Petrobras closes oil refinery Nansei Sekiyu saleStaff Writer | December 29, 2016
Petróleo Brasileiro (Petrobras) closed the sale of 100% of the shares in Nansei Sekiyu (NSS) to Taiyo Oil Company.
Acquisition $165 million by Taiyo
NSS is a company wholly-owned by Petrobras International Braspetro – PIB BV located on the Island of Okinawa, in Japan.
It has a refinery with a processing capacity of 100,000 barrels of oil per day, 36 tanks that store 9.5 million barrels of oil and oil products, three piers for loading and unloading ships and a monobuoy.
Taiyo is a privately-held Japanese company headquartered in Tokyo that imports, exports, refines and sells oil products. It has nine offices/branches including one oil refinery in Japan.
The operation was recorded in the partnerships and divestments program that reached $13.6 billion on the 2015-2016 period.
The sale is aligned with the Petrobras’ Strategic Plan, which aims to optimize the business portfolio. ■