ExxonMobil is planning to improve energy efficiency and boost light crudes production capacity by approximately 20,000 barrels a day at its refinery in Beaumont, Texas, US.

Availability of abundant and cheap light crude oil from shale has prompted the company to expand production at the Beaumont refinery. This also supports the company’s efforts to strengthen its integrated downstream portfolio in Southeast Texas.

ExxonMobil Beaumont refinery manager Fernando Salazar said: "The expanded crude unit at Beaumont refinery supports the company’s position as a leader in the global energy market by improving the production slate, and enabling improvement in the product yield in a highly energy-efficient manner that will further strengthen the industry-leading position of our assets."

The Beaumont refinery is designed to process 365,000 barrels of crude oil a day and produces 2.8 billion gallons of gasoline annually.

ExxonMobil Refining and Supply Company president Jerry Wascom said: "This project will grow our capacity and flexibility to process light crude oils.

"Building on the recent increases in domestic oil and gas production, this investment further strengthens the competitiveness of the company’s strategic assets in North America and enhances US energy security."