Exxon Mobil Corp. (NYSE:XOM) will reportedly shut down 3 of its units at their Chalmette, Louisiana, which they joint venture with Venezuelan oil company PDVSA.
Units being shut down will be a coking unit, distillate hydrocracker and a gasoline reformer.
The refinery is a 50-50 joint venture, with Exxon being the managing partner in the deal. Exxon confirmed there would be units shut down, but declined to say which ones, as sources close to the decision released the information.
Savings by shutting down the units will be from $8 million and $9 million monthly.
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