OilVoice - Chevron Completes Sale of Marketing Business in Kenya

Chevron Completes Sale of Marketing Business in Kenya

Monday, June 01, 2009

Chevron Corporation announces that its subsidiary, Chevron Africa Holdings Ltd., has completed the sale of Chevron Kenya Ltd. to Total Outré Mer. Chevron announced the initial sales agreement in 2008.

Chevron Kenya Ltd.’s assets include service stations, fuel depots, aviation operations, a lubricants plant and warehouses, and liquefied petroleum gas storage and distribution facilities.

The sale is consistent with Chevron’s ongoing effort to concentrate downstream resources and capital on strategic global markets and assets.

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