BRASILIA, Brazil, Dec. 29 (UPI) -- Brazil's state-run oil company said it closed on the sale of a refinery on the Japanese island of Okinawa as its divestment streak continues.
State-run Petroleo Brasileiro, known informally as Petrobras, said it closed on the 100 percent sale of its refinery to Japan's Taiyo Oil Co. for $165 million. Taiyo gains a refinery with a processing capacity of 100,000 barrels per day and a storage capacity of 9.5 million barrels.