July 2015, Vol. 242, No. 7

Web Exclusive

ExxonMobil, Venezuela to Sell Chalmette Refinery

CHALMETTE, La. (AP) — ExxonMobil and its partner, the state-owned Petroleos de Venezuela, will sell the Chalmette oil refinery on Louisiana’s Gulf Coast for $322 million to a New Jersey energy company. Multiple news outlets report Friday that PBF Energy Inc., based in Parsippany, NJ, and one of the largest independent oil refiners in North America, has agreed to purchase the 189,000 bpd 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

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