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Chevron sells Caribbean fuels marketing and aviation businesses

Chevron, through its local affiliates, yesterday announced that it has concluded the sale of its fuels marketing and aviation businesses in The Bahamas, Cayman Islands and Turks & Caicos to Vitogaz, SA, a wholly-owned subsidiary of RUBIS. 

Source:
Date:
Updated:
thebahamasweekly.com
Tuesday, May 1, 2012
Tuesday, May 1, 2012

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.

This is an excerpt from thebahamasweekly.com as it appeared on May 1, 2012. For updates or to read the current version of this post in its entirety, please click here.

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