Last night’s announcement that China’s Sinopec is buying Chevron’s South African assets, including its oil refinery and fleet of over 1 000 Caltex petrol stations, is uplifting.
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“Chevron has made contingency plans to mitigate potential constraints on the supply of fuel throughout the maintenance and safety inspection period,”
South African fuel storage firm Burgan Cape Terminals is set to lay a complaint against the local subsidiary of Chevron of trying to block competition by opposing plans to build a new terminal, a senior company official said on Tuesday.
By Ernest Scheyder (Reuters) – Chevron Corp plans to nearly double its donation to Nigerian social projects over the next five years, part of a choreographed plan to improve the local economy and bolster the company’s supply chain in the African country, its second-largest source of crude oil. Chevron is donating $40 million to the … Read more