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CNPC mulls 49 percent stake in Nippon Oil's Osaka refinery

Tue May 6, 2008 11:42pm EDT

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TOKYO, May 7 (Reuters) - Nippon Oil Corp (5001.T) said on Wednesday state-run China National Petroleum Corp (CNPC) is considering taking a 49 percent stake in the Japanese refiner's Osaka refinery.

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Nippon Oil also said the joint venture would aim to sell oil products to Asia-Pacific markets. (Reporting by Osamu Tsukimori; Writing by Miho Yoshikawa)

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