Total acquires Jordan petroleum distribution

November 28, 2012 - 12:00:00 am

Dubai: Total acquired a 10-year petroleum product distribution licence in Jordan that will allow its marketing & services subsidiary Total Jordan to cement its position in the country and quickly and significantly increase its retail network throughput. Under the licence, Total Jordan will have the right to supply more than 120 service stations, over and above its 23 company owned and company operated service stations which will represent a retail network market share of 33 percent. 

Acquiring the licence also enables Total Jordan to step up its expansion in general trade activities, through gaining the opportunity to contract with industrial customers, and in the lubricants market. It will also enable Total Jordan to penetrate to the aviation fuel market.

“We have taken a major step forward in capturing growth opportunities and consolidating the development of the Total brand in Jordan,” commented Mehmet Celepoglu, Managing Director of Total Jordan.  In pursuing and acquiring the licence, Total is reaffirming its commitment to continue to expand its presence across the Middle East.

The Peninsula

 
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