Chevron Concludes Sale of Fuels Marketing and Aviation Businesses in Eastern Caribbean to a Subsidiary of Rubis
By Eileen Fielder
May 1, 2012 - 4:32:41 PM
Nassau, The Bahamas – Chevron, through its’ local affiliates today announced that it has concluded the sale of its fuels marketing and aviation businesses in the Bahamas, Cayman Islands and Turks & Caicos to Vitogaz, S.A., a wholly-owned subsidiary of RUBIS. RUBIS specializes in the storage and distribution of petroleum products.
The sale of the businesses in these three markets includes a network of 39 retail stations, eight aviation facilities, six fuels terminals, one joint operation at the Nassau airport terminal and a commercial and industrial fuels business. These assets are in addition to the previously announced sale in the Caribbean and parts of Central America to RUBIS in July, 2011 that consisted of 174 service stations operating under the Texaco brand, an equity interest in an associated refinery operation, proprietary and joint-venture terminals and aviation facilities, and Chevron's commercial and industrial fuels business.
Chevron is one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide. The company's success is driven by the ingenuity and commitment of its employees and their application of the most innovative technologies in the world. Chevron is involved in virtually every facet of the energy industry. The company explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and other energy products; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future, including bio-fuels. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com
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