Algeria’s Sonatrach to buy ExxonMobil’s Augusta refinery 

Sonatrach plans to buy ExxonMobil’s 175,000 barrel-per-day Augusta refinery in Sicily, Italy, the head of Algeria’s state oil firm told French news outlet Les Echos on Wednesday.

 

Sonatrach plans to buy ExxonMobil’s 175,000 barrel-per-day Augusta refinery in Sicily, Italy, the head of Algeria’s state oil firm told French news outlet Les Echos on Wednesday.

Sonatrach will also buy three oil storage terminals in Italy, Abdelmoumen Ould Kaddour said, without giving details.

The deals will assure an outlet for Algerian crude and improve fuel supplies for the OPEC member, he said.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.