Vitogaz Acquires Chevron's CA Assets

U.S. corporation Chevron agreed to sell its assets in Central America and the Antilles to Vitogaz.

Friday, November 19, 2010

The sale includes a network of 174 Texaco service stations, a stake in a refinery, terminals and aviation facilities as well as Chevron's commercial operation in the region.

The transaction, which amount was not disclosed, should be completed during the third quarter of 2011, after approval by local authorities.

The operation includes Chevron assets in the Central American countries of Costa Rica, Nicaragua and Belize; and in the Caribbean countries of Antigua, Barbados, Grenada, Dominica, St. Lucia, St Vincent, Guyana, St. Kitts, French Guyana, Martinique, Guadeloupe and Trinidad.

More on this topic

Honduras Chevron Invests $12 Million in Storage

April 2013

The plant located in Puerto Cortes, which had been seriously affected by the earthquake of 2009, now has capacity to store 71,000 barrels of fuel.

Among the works developed at the site was the restoration of 26 tanks with a capacity of 711,000 barrels of various petroleum products which are sold in Honduras. In addition, infrastructure was rebuilt in the administrative area, piping systems and fire protection system.

Chevron to double storage capacity at Panama terminal

May 2008

US oil major Chevron announced that it will double storage capacity at its Las Minas terminal in Panama to 4 million barrels.

Las Minas, near the city of Colón, provides bunker fuel, lubricants and other crude derivatives for ships using the Panama Canal and neighboring ports.

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Cafissa Capital

Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
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