Exxon Completes Sale of French Refinery to Trafigura-Led Buyer

ExxonMobil has completed the sale of the Fos-sur-Mer refinery in France, its only processing facility in the Mediterranean region, to a consortium composed of Entara and Trafigura, the buyers said on Friday. The deal includes the Toulouse and Villette-de-Vienne terminals, operated by Exxon’s local unit Esso. The consortium, Rhône Energies, has committed to a long-term agreement with Esso SAF to continue to supply to its downstream business in the region. With the sale of the 140,000 barrels per day refinery, Exxon is thus reducing its…