Haitian fuel marketer and distributor Dinasa has completed the acquisition of Chevron’s (NYSE: CVX) assets and operations in the country, Jorge Ciurlizza, senior investment officer at the Inter-American Investment Corporation (IIC), told BNamericas.
In August, IIC announced it had approved a loan of up to US$18mn to Dinasa to fund the acquisition, which increased the local company’s market share to 56% from 39%.
Chevron Texaco had the largest network of gas stations in Haiti, with 58 service centers.
The oil major also held the exclusive concession for distributing aviation fuel at the country’s two principal airports and was co-owner and operator of the main fuel storage terminal in capital Port-au-Prince.
“IIC is providing Dinasa with technical assistance to carry out environmental evaluation work at some service stations and the port terminal,” Ciurlizza said.
“The assistance also aims to improve the company’s organizational structure in the areas of safety and customer service,” he added.
David Casallas | Business News Americas