Paris — ExxonMobil’s Esso division has completed the sale of th
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 supplierGreenerg.
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.
Reporting by Sudip Kar-Gupta; editing by Barbara Lewis – Reuters
