Chevron exits Kenyan marketing business
Chevron Africa Holdings Ltd. has sold Chevron Kenya Ltd. to Total Outre Mer.
Jun 1st, 2009
Uchenna Izundu
OGJ International Editor
LONDON, June 1 -- Chevron Africa Holdings Ltd. has sold Chevron Kenya Ltd. to Total Outre Mer.
The initial sales agreement, announced in November 2008, was part of Chevron's strategy to streamline its downstream operations.
In April both parties also completed the sale of Chevron Uganda Ltd. Chevron Kenya and Chevron Uganda's assets include 165 Caltex-branded service stations, one terminal, seven fuel depots, six aviation facilities, one lubricants blending plant, and a commercial and industrial fuels business.
The values of the transactions were not disclosed.
Contact Uchenna Izundu at uchennai@pennwell.com.
