British Petroleum to enter gas station battle in MexicoBy Elliot Bullman
More options for Mexicans
British Petroleum (BP) will enter the battle of gas stations in Mexico, where today players such as OxxoGas, Gulf, Petro Seven, Hidrosina, Petróleos Mexicanos (Pemex) and soon Texaco and Costco will compete.
Olaf Carrera, director of foreign affairs for the European company, confirmed the presentation for the new establishments will be made on 9th March 2017.
Founded in 1909 in the United Kingdom, BP has a value of $99 billion dollars. The company will aim to penetrate a market whose annual sales of gasoline (Magna and Premium) generated around $377 billion pesos between 2011 and 2015.
BP has been involved in Mexico for 50 years in the Castrol lubricants distribution and marketing segment since 1960. Today, BP markets natural gas and oil, as well as other refined petrochemicals.
Currently, the energy company has 70 employees in Mexico and its offices are located in Mexico City.
In 2012, the oil giant faced one of the most important environmental scandals so far in the 21st century, following a Gulf oil spill that was sanctioned by US authorities.
- Theatrical producer hires Mexican deportees
- Mexico and Denmark sign Joint Commerce Declaration
- Mexican tech unicorns inspire the creation of startups
- Mexico and Japan use technology to measure seismic breach of Guerrero
- Mexico, US and Canada set to submit joint bid to host 2026 World Cup
- Mexican Auto Industry Sets Export Records in March
- Chinese automaker eyes plants in two Mexican states
- E-commerce doubles in Mexico in one year: IAB
- France Sees Opportunity for Business Expansion in Mexico
- Mexico says new EU trade deal is 'paramount'
- Banxico increases interest rate to 6.50%
- Mexico achieves February trade surplus