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Exxon Mobil Corp. and Venezuela's national oil company end their business partnership by selling a jointly owned Louisiana refinery to PBF Energy Inc. for $322 million. This transaction marks the conclusion of joint ventures between Exxon and Petróleos de Venezuela SA. The decision to sell the refinery was driven by a misalignment with the commercial policies of both companies and their respective countries.
Wednesday, 17 June, 2015