Energy

Mercuria Is Close to Buying Raizen Assets in Argentina

Raizen’s Dock Sud oil refinery in Buenos Aires has a daily capacity of 101,000 barrels, making it the third-biggest facility in Argentina, according to the US Energy Information Administration.
Photographer: Juan Mabromata/AFP/Getty Images

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By Cristiane Lucchesi, Lucia Kassai, and Rachel Gamarski

February 9, 2026 at 8:19 PM UTC

Updated on

February 9, 2026 at 8:43 PM UTC

Energy-trading firm Mercuria Energy Group is close to acquiring a refinery and hundreds of gas stations in Argentina being sold by Raizen SA, according to people familiar with the matter.

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