British Petroleum aims to penetrate Mexican gas-station market
British Petroleum (BP) will enter the battle of gas stations in Mexico, where today players such as OxxoGas, Gulf, Petro Seven, Hidrosina, LaGas, Petróleos Mexicanos (Pemex) and soon Texaco and Costco will compete.
Olaf Carrera, director of foreign affairs for the European company, confirmed the official presentation for these 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 (18.8 billion USD), in a four year period, 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.