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September 1st, 2020:

Kazakh gas station chain scraps Shell/Gulf franchise plans -sources

Kazakh gas station chain scraps Shell/Gulf franchise plans -sources

SEPTEMBER 1, 2020

MOSCOW/NUR-SULTAN, Sept 1 (Reuters) – PetroRetail, operator of Kazakhstan’s biggest gas station network, has scrapped plans to switch to either Shell or a Gulf brand and will instead revive its own Qazaq Oil brand, sources familiar with the plans told Reuters.

PetroRetail in a statement to Reuters confirmed plans to use its own brand but declined to disclose details.

The company, which purchased hundreds of gas stations from state energy firm KazMunayGaz in 2018, has moved to cut costs, including spending on brands, in the wake of a sharp drop in fuel demand due to the pandemic, market players say. read more

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