EXXON ENTERS CZECHOSLOVAKIA
EXXON ENTERS CZECHOSLOVAKIA IRVING, Texas, Nov. 21 /PRNewswire/ -- Exxon Corporation (NYSE: XON)
announced today that Esso A.G., Exxon's German affiliate, has created a new subsidiary, Esso Czechoslovakia, to market petroleum products in the Federal Republic of Czechoslovakia.
The new subsidiary, which has opened offices in Prague and Bratislava, will establish a retail motor fuel network in that country to market a full range of petroleum products and lubricants. Esso Czechoslovakia will build new service stations, and plans to purchase a number of existing service stations from state-owned Benzina and Benzinol. The new stations will use state-of-the-art service station technology, including the latest environmental protection systems to guard against water, air and noise pollution. These stations will have used oil disposal systems, oil/water separators spill protection systems and double-walled steel underground tanks to prevent leakage. The new stations also incorporate the Esso Shop, or convenience store, a concept which has become popular in many parts of the world over the last few years. They will be self-service, will include automatic carwash and vacuum systems, and will offer motorists the ease and convenience of quick-change lube service and safety performance checks. It is anticipated that Esso Czechoslovakia will make significant modifications to existing service stations to bring them up to Exxon standards for safe, attractive and environmentally sound retail operations. Esso A.G. already has new retail marketing operations in Hungary and plans to open service stations in Poland. In addition, the company expects to have 20 service stations in operation in the Eastern part of Germany by year-end 1991. -0- 11/21/91 /CONTACT: William D. Smith of Exxon, 214-444-1109, or 214-444-1107/ (XON) CO: Exxon Corporation ST: Texas IN: OIL SU: CK -- NY040 -- 5830 11/21/91 11:06 EST
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|Date:||Nov 21, 1991|
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