Tuesday, January 31, 2012

The Russian takeover

According to the newspaper Laverdad, the Texas Oil Company Ltd is owned by Russian capitalists and investors and has its headquarters in one of the luxury villas built by the Jesus Quesda family in Ciudad Quesada.

Apart from marketing fuel, oils and lubricants for cars, they also market food and beverages; sell, service and rent all types of vehicles and run hotels and restaurants.

The paper goes on to explain that Texas Oil SL  are currently in the business of acquiring petrol stations in the Southern Costa Blanca region, particularly those that are showing low profits. They have just bought a station in Mutxamel and are looking at one in Los Montesinos along with further stations in the industrial area of Babel and Apollo Street in Torrevieja.

These petrol stations were previously owned by Tamoil, a company linked to the family of Muammar Gaddafi.

The good news for consumers is that the newly acquired Texas oil stations offer the lowest prices for fuel in the province; for example their biodiesel is priced at 1.229 Euros per litre. Just a pity that Skoda warns you not to use this fuel in their diesel engines because it can cause damage.

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