June 05, 2020

F+L Webcast – Episode 2 – Tim Nadasdi, ExxonMobil – Base Oil Group I Post-COVID-19 | 600×75
NRG Value may take over operations of 150 Esso stations in Netherlands
article image

About 105 Esso fuel stations in the Netherlands are expected to change hands. A new management company, NRG Value, based in Utrecht, is expected to take over operations of these stations. No official statements have come from either Esso or NRG.

NRG is a business initiative established by former Shell, ExxonMobil and Merrill Lynch executives. Its business model of branded wholesale allows international oil companies to keep control over large and complex supply and manufacturing processes, “with a low-cost model for local delivery providing the best platform for volume growth.”

This takeover would continue the trend of major oil companies seeking ways to maintain fuel supply volumes without running the fuel retail business themselves.

< Previous

Sinopec to begin supplying Euro 5 diesel fuel to 14 Guangdong cities

Vopak Horizon Fujairah launches expansion of crude oil storage capacity

F+L Daily Executive Brief | Leaderboard | 600×75