US oil titan Chevron is considering scaling back from, or even leaving, the Irish petrol retailing market, reports the Sunday Business Post in the Republic of Ireland.

<p>Chevron operates in the western European country under the Texaco Ireland banner but, according to the domestic news agency report, is contemplating selling potentially its entire 220 strong petrol station network. <br /><br />The speculation, which follows on from Norwegian fuel retailer Statoil&#0039;s recent decision to depart the Irish petrol market, comes on the back of a loss of E4.45 million in Texaco Ireland&#0039;s most recent declared annual results.<br /><br />According to the Business Post&#0039;s article, Chevron&#0039;s Irish retail fuel business could be sold for somewhere in the region of E170 million to E200 million. The sale is likely to attract interest from a number of parties which the Business Post speculates could include west of Ireland businessman John Sweeney, entrepreneur Niall McFadden and the Musgrave group.<br /></p>