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.
- Corruption and impunity, the biggest challenge for 2018
- CDMX toughens rules for transport apps; goodbye to Uberpool
- At least 217 dead after powerful earthquake hits central Mexico
- The surprising change of mood in 2017
- Hurricane 'Irma' will cause more cruise demand for Mexico
- Merida, Yucatan fast becoming an industrial powerhouse
- Manpower predicts biggest recruitment surge in Mexico for 20 years
- 676,241 formal jobs are created between January and August 2017
- Apple suffers 'major iPhone X leak'
- Government signs agreement with Chinese e-commerce giant Alibaba
- Who foots the bill for Mother Nature's Destructive Fury?
- Shell opens first Mexico gas station, eyes up to $1 billion investment