ESSO AND SONATRACH COMPLETE TRANSACTION FOR AUGUSTA REFINERY
Esso Italiana, a subsidiary of ExxonMobil, and Sonatrach Raffineria Italiana S.r.l. said today that they have completed their transaction announced earlier this year for Esso’s Augusta refinery, three fuel terminals in Augusta, Palermo and Naples, and associated pipelines. Esso’s former assets have been formally transferred to Sonatrach Raffineria Italiana, a new fully owned Sonatrach Italian subsidiary.
ExxonMobil has also entered into a variety of multi-year agreements with Sonatrach for technical support, refinery products, operations, and use of the Augusta, Palermo and Naples terminals.
The transaction does not affect Esso branded retail stations, fuels and lubricants customers or distributors, or ExxonMobil’s other operations in Italy.