Thursday, December 13, 2018
Cepsa and Derhem Holding entered into a partnership to expand its fuel business in Morocco. Both companies are expected to create a JV with the goal of having a network of 100 sites over the next five years.
Cepsa is looking to harness 15% of the retail petrol station market in Morocco, according to a report from the El Economista.
Derhem Holding has participated in Morocco’s oil industry for 40 years. It is a leader in fuel distribution in a number of regions of the country.