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May 15, 2018

Volume 2 Issue 49

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ExxonMobil Selling Augusta Plant

ExxonMobil has agreed to sell its Augusta, Italy, refinery – including its 730,000 metric tons per year API Group I base oil plant – to Algeria’s national oil company, Sonatrach, the companies announced May 9. The sale is expected to close by the end of 2018, subject to conditions and legal requirements.