Texaco to follow Statoil out of Irish petrol market

Texaco to follow Statoil out of Irish petrol market

Chevron, the parent company of Texaco Ireland, is preparing to put some or all of the company’s estimated 220 petrol stations in the Republic up for sale in the near future.

Chevron, the parent company of Texaco Ireland, is preparing to put some or all of the company’s estimated 220 petrol stations in the Republic up for sale in the near future.

The multinational oil company is believed to have taken a decision in principle to offload its Irish retail business which could fetch between €170 million to €200 million, according to informed sources.

The move follows the completion of a review by the Competition Authority last week...

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