Petrobras currently owns 87.5% stake in the Nansei Sekiyu refinery. The company said that it will analyze Sumitomo’s interest based on the terms set forth in the shareholders agreement currently in force.
Sumitomo also informed that its interest to sell its participation is part of the revision of its strategy in the downstream segment.
The refinery has the capacity to process 100,000 barrels of light oil per day and produces products, within the standards in effect in the Japanese market.
It also has an oil and oil products terminal with capacity to store 9.6 million barrels, three piers which are able to receive product vessels of up to 97,000dwt and a monobuoy to load tankers of the Very Large Crude Carrier (VLCC) type of up to 280,000dwt, the company said.
