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According to Sinochem News, on November 28, ExxonMobil and ***North Atlantic Energy Company jointly announced that the former had officially sold its refining, retail, and chemical business in France to the latter. ***Fuel retailer Atlantic Energy confirmed in a statement that it has completed the acquisition of TotalEnergies France and ExxonMobil Chemicals France. After 6 months of exclusive negotiations, the deal was finally finalized. Under the agreement, North Atlantic Energy will acquire 82.89% of the controlling stake in TotalEnergies France (the operator of the Gravelines refinery in France), as well as 100% of ExxonMobil’s chemical business in France. Starting from November 28, TotalEnergies France will be renamed \"North Atlantic Energy France,\" and the remaining shares will be put up for public auction in accordance with regulations. For North Atlantic Energy, this acquisition marks the first step into the European market, simultaneously advancing its plan to expand its global asset portfolio. This company, which has been operating in the retail sector in North America for nearly 40 years, will add 750 more gas stations to its existing 110, and will also acquire its first refining assets. TotalEnergies France operates the Gravelines refinery and a separate lubricant plant, accounting for about 20% of France’s current refining capacity. Simon Finner, president of TotalEnergies France, said in a statement that the Gravelines refinery, with a daily production capacity of 240,000 barrels, is a \"world-class industrial platform.\" He pledged to transform this facility into a \"green energy hub\" by increasing the production of low-carbon fuels and integrating renewable energy sources, in order to meet future development needs. Located on the Normandy coast in northwestern France, the Gravenchon refinery is believed by the company to have the potential to serve energy-intensive industries such as AI data centers. This sale of the refinery marks ExxonMobil’s steady withdrawal from its refining assets in Europe. Like other international oil giants, ExxonMobil is refocusing its downstream operations on the U.S. and Asian markets. Following this sale, ExxonMobil will retain ownership stakes in just four refineries in Europe: located in Antwerp, Rotterdam, Feyzin, and Bayernhütte in Germany.