Reported 25 days ago
Exxon Mobil Corp. has finalized the sale of its Fos oil refinery in France to a consortium led by Trafigura Group, effectively lowering its European refining capacity to approximately 1.1 million barrels per day. The Fos refinery, capable of processing 140,000 barrels per day, was Exxon’s only refinery in the Mediterranean and is now operated by Rhone Energies with a long-term fuel supply agreement in place with Exxon. The transaction was valued at $130 million, alongside additional payments for inventory.
Source: YAHOO