Sonatrach inks deal for ExxonMobil’s Italian refinery, logistical assets

Algeria’s state-owned Sonatrach has signed an agreement with ExxonMobil Corp. to buy subsidiary Esso Italiana SRL’s 198,000-b/d Augusta refinery in Sicily to process Algerian-produced crude oil to further help reduce Algeria’s high costs for and reliance on imported petroleum products.

 

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