Shell and Exxonmobil to open gas stations this year in MexicoBy Elliot Bullman
Both Royal Dutch Shell and ExxonMobil have announced plans to open stations in Mexico this year.
Royal Dutch Shell, the largest brand of gas stations in the world has announced that it will open gas stations in Mexico this year.
Although the start date is not yet known, the business model will include its own and also franchise stations, the company's director for Mexico, Andres Cavallari, told El Financiero newspaper.
"The date for of market is a secret, but he confirmed that this year consumers will see Shell gas stations on the street in Mexico."
Royal Dutch Shell, founded in the Netherlands during 1907, has a market value of 210 billion dollars (mdd). It has 93,000 employees and records sales of over $ 264.8 billion.
Shell's arrival in the Mexican market will be added to the private companies that will compete for the national consumer, such as Oxxo Gas, with 335 stations in operation, Petro-7 with around 200, Hidrosina with 180 and Gulf with a plan to start The operation of its brand with 700 stations.
Another landmark deal was announced last week by ExxonMobil saying that it will invest 300 million dollars in Mexico over the next decade and that it will open its first service station in the central region of the country in the second half of the year.
The gas station market is significant in Mexico. The annual sale of automotive gasolines (Magna and Premium) generated 377,087 million pesos (mdp) between 2011 and 2015, according to data from Pemex.
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