New Jersey company to buy Chalmette oil refinery

Associated Press

New Jersey company to buy Chalmette oil refinery

CHALMETTE, La. (AP) — ExxonMobil and its partner, the state-owned Petroleos de Venezuela, will sell the Chalmette oil refinery for $322 million to a New Jersey energy company.

Multiple news outlets report Friday PBF Energy Inc., based in Parsippany, New Jersey, and one of the largest independent oil refiners in North America, has agreed to purchase the 189,000-barrel-per-day refinery as well as interests in chemical facilities, pipelines and other assets at the site.

About 530 ExxonMobil employees and 500 contractors work at the refinery.

PBF spokesman Michael Karlovich said the company intends to extend offers to all ExxonMobil employees. He said PBF would review the level of contract work needed to support safe operations at the facility.

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