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Brazilian company opening gas stations on Okinawa

Date Posted: 2008-10-24

Petrobras S.A., which bought out Okinawa’s Nansei Oil Company last April, says it will ship crude oil to Okinawa for processing and begin opening gas stations here by March.

The Rio de Janeiro-based company has just completed meetings with Okinawa five officials of the former Nansei Oil at its headquarters, announcing it will make Okinawa its production center in Asia for bio fuels. “Indeed, this company is very worthy to be the world’s number one oil company,” said one elated Okinawa official at the meetings. “We feel it, and we were so impressed by Petrobras, and we’re going to send more staff to visit and study.”

Petrobras, owned by the Brazilian government, is the first South American oil company to invest in Japan, or purchase interest in a Japanese company. The company will refine its crude oil on Okinawa, then ship it to mainland Japan and other Asian countries for sale. Retail gas stations will first open on Okinawa next year, then expand to additional outlets in mainland Japan.

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