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Mercuria Energy Group and Vitol Group are finalists to acquire Raízen Argentina's refinery and 700 service stations, with a deal valued over $1 billion. The assets are worth over $1.6 billion. Raízen, a joint venture between Shell and Cosan, is selling its Argentine assets as it focuses on debt reduction and a new direction. The deal is the latest example of commodity traders expanding downstream operations to capitalize on the energy crisis following Russia's invasion of Ukraine.

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