Trading giant Trafigura has signed a deal to buy major refinery and terminal operations in France.
The deal is being done by Rhone Energies, a consortium consisting of Trafigura and asset manager Entara.
Trafigura described the sales agreement as an “important milestone” in the acquisition process of the Fos-sur-Mer refinery and the Toulouse and Villette-de-Vienne terminals from Esso.