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Chevron sells fuel business in Uruguay

Reuters
NEW YORK
Petroleumworld.com 06 28 07

Chevron Corp. (CVX.N: Quote, Profile, Research) agreed on Wednesday to sell its fuel marketing business in Uruguay to the state-owned petroleum marketing and distribution company D.U.C.S.A. as the U.S. company focuses its downstream operations on its more competitive regions.

Chevron said D.U.C.S.A. will add 90 Texaco-branded service station to its retail network in Uruguay. The stations are expected to be rebranded to D.U.C.S.A.'s ANCAP brand.

The company did not disclose the terms of the sale. It said Texaco-branded lubricants products will continue to be distributed and marketed in Uruguay through D.U.C.S.A.

Reuters 27 06 07

Copyright© 2007 Reuters. All Rights Reserved.

 

 

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