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ExxonMobil to pump $1bn into Belgium

02.07.14 @ 09:10

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While oil companies have generally been selling or shutting their European refineries, US giant ExxonMobil plans to invest $1bn in its refinery in Antwerp, Belgium, reports the Financial Times. The company believes needs to refine heavy oil will grow in Europe over the coming decades despite declining demands for petrol.

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