financetom
Business
financetom
/
Business
/
ExxonMobil sells French Fos-sur-Mer refinery to Trafigura consortium
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
ExxonMobil sells French Fos-sur-Mer refinery to Trafigura consortium
Nov 1, 2024 1:58 AM

*

Sells to Entara/Trafigura consortium Rhone Energies

*

Has also agreed sale of Toulouse and Villette-de-Vienne

terminals

PARIS, Nov 1 (Reuters) - ExxonMobil's ( XOM ) Esso

division has completed the sale of the Fos-sur-Mer refinery -

one of France's major refineries - and two other oil terminals

to Trafigura consortium firm Rhone Energies, the companies said

on Friday.

Trading houses, including Trafigura and rival Vitol, have

sought acquisitions as they spend the proceeds of energy price

spikes and market volatility caused by the disruption following

Russia's invasion of Ukraine.

The Fos-sur-Mer deal is Trafigura's second major acquisition

this year, after it bought UK road fuels and biofuel supplier

Greenergy.

Rhone Energies, a consortium formed by Trafigura with Entara

LLC, is also buying the Toulouse and Villette-de-Vienne

terminals from Esso.

The Fos-sur-Mer refinery has a crude oil processing capacity

of 140,000 barrels per day.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved