ROUSSE, Bulgaria – 7 July 2006 – SA Texaco Belgium NV, part of Chevron Global Lubricants, today announced the sale of the company's 25 percent shareholding in Prista Oil AD to Marsdale International LLC. Chevron Global Lubricants and Prista Oil AD have also reached a supply agreement under which Prista Oil will continue to market and distribute Texaco-branded lubricants, greases and coolant products in Bulgaria.

 

Barbara Burger, vice president of Supply Chain for Chevron Global Lubricants, said: "The joint venture between Chevron and Prista Oil has been a success since its inception in 2000.  However, the time is right for an agreement that will allow both parties to develop their respective interests in the region. Under this new agreement, Chevron customers will continue to receive the high-quality lubricant products they have become accustomed to. We look forward to a new chapter in our relationship with Prista Oil as our licensed distributor in Bulgaria."

 

About Chevron Corporation
Chevron Global Lubricants is a division of Chevron Global Downstream, LLC, a wholly owned subsidiary of Chevron Corporation, one of the world's leading energy companies. Chevron Global Lubricants produces and markets lubricants under the Texaco, Chevron and Caltex brands, which are used daily in cars, trucks, buses and industrial machinery around the world. With more than 53,000 employees, Chevron Corp subsidiaries conduct business in approximately 180 countries around the world, producing and transporting crude oil and natural gas, and refining, marketing and distributing fuels and other energy products.  Chevron is based in San Ramon, California.  More information on Chevron is available at http://www.chevron.com/.

 

Contact: Daniel Schraibman, Chevron Press Office +44 (0) 207 719 4459 or email: daniel.schraibman@chevron.com