Thursday June 08, 2006

7-Eleven to run 65 Shell petrol stations across Singapore

channelnewsasia.com :

7-Eleven will take over the running of all but three of Shell's 68 petrol stations across Singapore, starting with the first four in August. It will also inherit all 1,500 petrol station staff. 7-Eleven will operate the mini-marts as well as man the pumps. The move comes less than two months after Exxon Mobil announced a similar alliance with NTUC Fairprice. The big oil giants are roping in retail partners to make their petrol stations more profitable.

The partners aren't saying how much they're spending on the conversion, only that it will be less than Exxon and NTUC because they have less stations to convert. Their rivals are pumping in S$30 million to revamp and run 74 service stations.

When asked about further expansion plans, Shell says its priority right now is on converting its existing petrol marts into 7-Eleven stores. But at the same time, it is on the lookout for viable and attractive locations, especially in newer heartlands. Shell says it has been shutting down stations in the central areas - including one along Newton Road and another along the Stevens Road highway exit - because leases have come up or the urban planning for the area has changed.

See also :

1. ExxonMobil announcement on NTUC FairPrice Xpress stores, conversion of Mobil to Esso brand

(2006-06-08 00:27:58 SGT) [Biz] Permalink

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