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Chevron completes sale of fuel businesses in French Caribbean territories

Monday, 01 August 2011 12:00 Written by  font size decrease font size decrease font size increase font size increase font size

FORT-DE-FRANCE , Martinique -- US energy company Chevron on Friday announced that it has concluded the sale of its fuels marketing and aviation businesses in the Eastern Caribbean countries of Martinique, Guadeloupe and French Guiana to Rubis Antilles Guyane, a wholly-owned subsidiary of Rubis.

Rubis is an international company based in France, specialising in the business of storage and distribution of petroleum products.

The sale of the businesses in these remaining three territories includes an asset base of a retail network of 27 service stations, an aviation joint operation company at the international airport in the capital of French Guiana and five storage terminals across the French departments.

This finalizes the overall sale of Chevron’s 15-country network of 174 service stations operating under the Texaco brand, proprietary and joint-venture terminals, aviation facilities and a commercial and industrial fuels business to Rubis.
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