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

Tue May 6, 2008 11:42pm EDT
 
[-] Text [+]

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.

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)

 
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better