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Exxon Mobil buys Singapore petrochemical plant, boost output in Asia

Published 11/05/2017, 04:18
Updated 11/05/2017, 04:20
© Reuters. FILE PHOTO - The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York
XOM
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SINGAPORE (Reuters) - Exxon Mobil Corp (NYSE:XOM) said on Thursday it has reached an agreement to buy a refining and petrochemical plant owned by Jurong Aromatics in Singapore which will boost its output in Asia.

The company expects to complete the transaction in the second half of 2017 which will boost its aromatics production in Singapore to more than 3.5 million tonnes per year.

© Reuters. FILE PHOTO - The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York

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