Petrol Plaza
By partnering with a company that has a long tradition in Morocco, Cepsa wants to boost its expansion plans.
Cepsa has entered into a partnership with Derhem Holding to expand its fuel business in Morocco. Both companies are expected to create a joint venture with the goal of having a network of 100 sites over the next five years.
The Spanish oil company has already spoke of its ambitious plans for the North African country as it hopes to control 15% of the gas station market in the near future, reports El Economista.
With its Spanish refineries so close to Morocco, Cepsa sees a lot of opportunity to increase its business and export more fuel. It will be the first time the company has a distribution business outside of Europe.
The Derhem Holding group has participated in Morocco’s oil industry for 40 years. It is leader in fuel distribution in a number of regions of the country.
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Author: PetrolPlaza Correspondent Pablo Plaza
Estonia: Eesti Gass opens three green gas stations
© Eesti Gaas
Eesti Gaas is opening two CNG gas stations in Viljandi and Rakvere, and one more soon in Jõhvi. In addition to natural gas, the stations will be selling renewable green gas, biomethane produced in Estonia.
“In a situation where petrol and diesel fuel prices are rising, it is reasonable for car owners to change to CNG. Driving on compressed natural gas is twice cheaper than petrol” noted Member of the Management Board of Eesti Gaas, Raul Kotov.
The CNG stations on Planeedi Street in Viljandi, on Rägavere tee in Rakvere and on Jaama Street in Jõhvi will feature two pump blocks, each equipped with two fuelling nozzles one of which is meant for cars, and the other for buses.
The new three CNG stations were built by a subsidiary of Eesti Gaas, EG Ehitus. Aid for the construction was received from the state-owned Environmental Investment Centre, which, through its II application round, will be financing the construction of 12 gas stations supplying biomethane all over Estonia. The total cost of the project reaches 2.23 million euros, and the aid will be allocated from the European Union Cohesion Fund.
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Eesti Gaas is the first to launch biomethane sales in Estonia
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Estonia: Eesti Gaas to start selling biomethane next year
