ExxonMobil to sell interest in Esso Thailand
FILE PHOTO: A 3D printed natural gas pipeline is placed in front of displayed ExxonMobil logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration
ExxonMobil on Wednesday said it has reached an agreement with Bangchak Corporation to sell all of its shares of Esso Thailand.
The sale includes the Sriracha oil refinery, select distribution terminals, and a network of Esso-branded retail fuel stations.
The transaction is expected to close in the second half of 2023.
"ExxonMobil will continue to supply the Thailand market with branded finished lubricants and chemical products through a new company to be formed," the company said in a release.
Source: Reuters
