Statoil, Texaco team up to market aviation fuel

Statoil Aviation and Texaco Global Aviation Marketing are forming a partnership, Jet Fuel Alliance, to market aviation fuel in Europe. The two companies have equal interests in the joint venture, which will coordinate their European supply services to airlines. Both will align network development activities, operations, logistics, and technical service resources through the partnership, officials said.


Statoil Aviation and Texaco Global Aviation Marketing are forming a partnership, Jet Fuel Alliance (JFA), to market aviation fuel in Europe. The two companies have equal interests in the joint venture, which will coordinate their European supply services to airlines. Both will align network development activities, operations, logistics, and technical service resources through the partnership, officials said.

"That saves both time and money, and customers benefit because they only have to deal with one person from the two of us," said Per R�d� general manager of Statoil Aviation.

The alliance partners also will be able to negotiate entry into European airports where neither is currently represented.

Statoil's share of the Scandinavian market�just over 30%�represents its biggest advantage as an aviation fuel supplier, said officials. Surveys by World Jet Fuel Report in recent years show that airlines have ranked the firm as the best regional marketer of this product in Europe.

Texaco does not have a particularly large share of the Scandinavian aviation fuel market but comes in fourth place on a global basis.

The two partners will continue to operate under their respective names and to maintain their separate identities. The JFA designation will be used in marketing and operational contexts.

Germany's DEA Mineraloel AG also has signed a letter of intent with Statoil and Texaco to join the alliance later this year.

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