No 35



TotalFinaElf To Sell Swiss Petrol Stations To Tamoil

TotalFinaElf (TFE)announced on 29 August that it had agreed to sell its 177 petrol stations in Switzerland to Tamoil. The move is in line with its strategy ofconcentrating on its expanding market positions. TFE held just 3% of the totalSwiss market, with 155 operated under the Elf brand and 12 under the POCObrand. Tamoil, which owns the 70,000 b/d Collombey refinery in Switzerland, willoperate a total 431...