Home News Local news Total Petroleum Buys Out Esso Stations

Total Petroleum Buys Out Esso Stations

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March 12, 2008 — Esso operations across the territory will become Total stations, both Esso and Total indicated in a news release sent out this week.
Details are sketchy — Total representative Phillippe Corsaletti said through his secretary that he would make no comment. Esso representative Richard Lee didn't return phone calls.
Esso Virgin Islands and Total Petroleum Puerto Rico signed an agreement for Total to purchase all Esso fuels operations and marketing assets in the territory, the release said.
The agreement is subject to approval by the "relevant" authorities. It includes all motor fuels and aviation operations, including seven retail sites.
Total is buying Exxon/Mobil's "marketing assets" in Puerto Rico, Jamaica and the Virgin Islands, according to a news release on Total's website. Exxon/Mobil is Esso Virgin Islands' parent company.
The acquisition represents a marketing capacity of around one million tons per year at 200 service stations, a number of petroleum product depots and an aviation-fuel retailing business.
The website indicates Total operates in more than 130 countries and has 95,000 employees. Total's head office is in France, where it was incorporated in 1924.
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