Tuesday, September 23, 2008

Fuel mileage

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(Adds previous sale, details, share price, NEW YORK dateline)

NEW YORK, Sept 22 (Reuters) - Oil giant Chevron Corp (CVX.N: Quote, Profile, Research, Stock Buzz) said on Monday it had agreed to sell several of its West African fuels marketers to Corlay Global SA as part of its effort to shrink its marketing operations.

On Friday, Chevron announced it planned to sell its fuels marketing business in Nigeria to Corlay.

No details of the transactions were released.

Chevron said the move was designed to align the company's marketing operations with its refinery assets.

Those refineries, which can process more than 2 million barrels of oil per day, are located in the United States, Singapore, Thailand, South Korea and the United Kingdom




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