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20 year deal between Brazil's Cason and Exxon in South America

Brazilian energy and logistics company Cosan SA Industria e Comercio signed a 20-year contract to exclusively produce, import, distribute, and sell certain Mobil products in four South American countries.


Reuters
Updated: 23-03-2018 16:13 IST
20 year deal between Brazil's Cason and Exxon in South America

The company said the agreement applied to Mobil brand lubricants and speciality products in Brazil, Bolivia, Paraguay, and Uruguay.

Brazilian energy and logistics company Cosan SA Industria e Comercio signed on Tuesday a 20-year contract with ExxonMobil Lubricants Trading Company to exclusively produce, import, distribute, and sell certain Mobil products in four South American countries.

In a Tuesday securities filing, the company said the agreement applied to Mobil brand lubricants and speciality products in Brazil, Bolivia, Paraguay, and Uruguay.

Also Read | Exxon buys LNG to restart production at quake-hit Guinea

A senior Exxon Mobil Corp executive said on Wednesday the company is still assessing damage to its natural gas processing plant in the mountains of Papua New Guinea, knocked out by a strong earthquake last month.

A powerful 7.5 magnitude quake struck near Exxon's Hides facility on Feb. 25, killing dozens of people and halting production at the site. The temblor damaged power infrastructure and also led to the closure of the Komo jungle airfield, making access to the remote facility difficult.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY : BoliviaBrazilParaguayUruguay