What assets is Mercuria acquiring from Raizen in Argentina, and what is the deal value?

Mercuria Energy Group Ltd. is acquiring Raizen Argentina’s Dock Sud refinery—the third biggest in Argentina—and approximately 700 gas stations, representing about one fifth of nationwide fuel sales, for $1.42 billion.

Why is this acquisition significant for Argentina’s energy sector and President Javier Milei’s economic agenda?

The deal creates Argentina’s third integrated oil producer—joining state-run YPF SA and Pan American Energy Group—and serves as a high-profile validation of President Javier Milei’s free-market reforms, demonstrating their ability to attract foreign direct investment amid broader efforts to stabilize and open the economy.

Mercuria Sets $1.4 Billion Deal for Raizen Argentina Fuel Assets

Jun 4, 2026

Mercuria Energy Group has agreed to acquire Raizen SA's Dock Sud refinery and 700 gas stations in Argentina for $1.42 billion. The deal creates a third integrated oil producer in the country pending regulatory approval.

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Mercuria Sets $1.4 Billion Deal for Raizen Argentina Fuel Assets

Mercuria Sets $1.4 Billion Deal for Raizen Argentina Fuel Assets

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