ExxonMobil sells share of Chalmette Refining in Louisiana

ExxonMobil has reached an agreement with PBF Energy Inc. for the sale and purchase of its 50% interest in Chalmette Refining LLC in Chalmette, Louisiana.

PBF Energy will purchase 100% of Chalmette Refining LLC, which is a joint venture between affiliates of Petróleos de Venezuela SA (PDVSA) and ExxonMobil.

The agreement includes the Chalmette refinery and chemical production facilities near New Orleans, Louisiana, and the company’s 100% interests in MOEM Pipeline LLC and 80% interest in each of Collins Pipeline Co. and T&M Terminal Co. ExxonMobil operates Chalmette Refining LLC, while Mobil Pipeline Co., an ExxonMobil affiliate, operates the logistics infrastructure.

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