ExxonMobil: sells downstream operations in Thailand

(CercleFinance.com) - On Wednesday evening ExxonMobil announced that it has reached an agreement to sell its 65.
99% stake in Esso Thailand to Thai energy group Bangchak.

Esso Thailand's scope includes a refinery based in Sriracha, several distribution centres and the Esso-branded service station network.

In a statement, ExxonMobil says that its upstream operations are not affected by the deal, which means that it will continue to operate its local subsidiary ExxonMobil Exploration and Production Khorat Inc. and its Bangkok headquarters, which employs about 2,000 people.


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