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Ronald R. Sabia Joins World Energy Alternatives LLC As Chairman

Posted on: Monday, 22 May 2006, 12:00 CDT

Gulf Oil LP is pleased to announce that effective today Ronald R. Sabia will become Chairman of World Energy Alternatives LLC. Ron brings 20 years of petroleum and fuels marketing experience from BP, Louis Dreyfus and Transmontaigne as well as from his current position as Chief Operating Officer at Gulf Oil, L.P. Ron has a degree in Chemical Engineering from the University of Pennsylvania and an MBA in Finance and Marketing from the University of Chicago.

"We look forward to working closely with Ron on the exciting opportunity presented by World Energy Alternatives and the burgeoning biodiesel industry," said Joe Petrowski, Gulf Oil LP CEO and President.

Gulf Oil Limited Partnership, based in Chelsea, Massachusetts is one of the Northeast's largest wholesaler of refined petroleum products. Gulf distributes motor fuels through a network of over 2,400 Gulf branded gas stations, 12 proprietary oil terminals, and a network of over 50 other supply terminals. Gulf Oil supplies heating oil, diesel fuel, jet fuel and kerosene to these branded retail outlets through both its Gulf brand and in the seven states of New England and New York, the Exxon brand. Through its unbranded subsidiary, Great Island Energy, Gulf Oil LP also supplies petroleum products as well as risk management and financial services to industrial, commercial, and independent retail firms. Gulf Oil through its wholly owned subsidiary, World Energy is also the nation's largest distributor of bio-diesel, an increasingly important part of our nation's energy supply.

Source: Business Wire

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