Engen buys Chevron’s Mauritius operations

South African petroleum company Engen is looking to expand in Mauritius after it concluded an agreement on February 1 to buy Chevron’s business in the Indian Ocean island. Chevron’s Mauritius operations include a network of 28 retail service stations, aviation fuelling facilities and lubricant sales.”We are going to look at opportunities to expand our network on the island. There is quite a lot of road development going on and we believe there is room for further expansion,” said Jan Theys, Engen’s board chairman. Majority owned by Malaysia’s national oil company Petronas, Engen’s purchase of Chevron’s interest will result in a 22% market share for Engen, which it aims to boost to 30%. (February 2, 2011)