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Chevron Completes Sale of Marketing Businesses in Uganda

Source: www.gulfoilandgas.com 4/1/2009, Location: Africa

Chevron Corporation announced that its subsidiary Chevron Africa Holdings Ltd. completed the sale of 100 percent of its shareholding in Chevron Uganda Ltd. to Total Uganda Ltd. (Total). Chevron announced on November 3, 2008, that Chevron Africa Holdings Ltd. agreed to sell its marketing affiliate in Uganda to Total.

Chevron Uganda Ltd.ís assets included 72 Caltex-branded service stations, an aviation operation at Entebbe International Airport, two lubricants warehouses and four fuel depots. Additional information on the transaction was not disclosed.

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