Exxon Cuts European Refining Capacity With French Plant Sale
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Exxon Mobil Corp. completed the sale of its Fos oil refinery in France, according to the buyer, a consortium that includes Trafigura Group.
The sale, announced in April, reduces Exxon’s refining capacity in Europe to around 1.1 million barrels a day, according to data compiled by Bloomberg. That includes the company’s stake in Germany’s Miro plant, which it has also agreed to sell.