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Total has signed sale and purchase agreements to acquire the shares in ExxonMobi ...

05/09/2005

Total has signed sale and purchase agreements to acquire the shares in ExxonMobil companies operating fuel and lubricants businesses in 14 African countries. The agreement includes ExxonMobil’s subsidies marketing motor fuels, lubricants, aviation and marine petroleum products in Chad, Dijbouti, Ethiopia, Eritrea, Ghana, Guinea, Liberia, Malawi, Mauritius, Mozambique, Sierra Leone, Togo, Zambia and Zimbabwe. The acquisition represents a network of around 500 service stations as well as 29 terminals and depots. The transaction is subject to the necessary approvals of the relevant authorities in each country. Total’s downstream activities in Africa prior to this deal include an interest in seven refineries and a network of some 3,300 service stations, as well as petroleum products, such as lubricants, aviation fuel and LPG.

News Item details

Region: Africa

Keywords: Aviation - Fuels - Lubricants (automotive / marine / aviation)

Subjects: Mechanical and industrial engineering, Retail and marketing, Refining, Aviation, Filling stations, Marine transportation, Transportation of products, Crude oil, Kerosene, Liquefied petroleum gas, Lubricants, Petroleum products