Continental Focus, International Reach

Cepsa Looks to Increase Retail Position in Morocco

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.