Chevron Selling CentAm Assets

Chevron is selling off its fuels marketing and aviation business in the Caribbean and several Central American countries, according to a company spokesman. The spokesman indentifies Nicaragua, Costa Rica and Belize as countries in which Chevron, through its Texaco label, would look to sell off businesses. The company is not soliciting bids for its operations in El Salvador, Honduras, Panama, Mexico, Brazil, Guatemala or Colombia, the spokesman says. Chevron regional manager Juan Habed was quoted in wires saying the company began negotiating with potential buyers in March, but has not reached any agreements.