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ExxonMobil sells French Fos-sur-Mer refinery to Trafigura consortium
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ExxonMobil sells French Fos-sur-Mer refinery to Trafigura consortium
Nov 1, 2024 1:58 AM

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Sells to Entara/Trafigura consortium Rhone Energies

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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.

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