Chevron sells fuel and aviation businesses to Vitogaz

Energy provider Chevron has agreed to sell its fuels marketing and aviation businesses in Antigua, Barbados, Grenada, Dominica, St Lucia, St Vincent, Guyana, St Kitts, French Guiana, Martinique, Guadeloupe, Trinidad, Nicaragua, Costa Rica and Belize to French energy company Vitogaz.

The transactions are expected to close in full by the third quarter of 2011 following receipt of required local regulatory and government approvals.

Under the terms of the agreement, RUBIS will acquire a network 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.