Spanish oil company Repsol enters the Mexican market

Seven gas stations in Baja California Sur will start operating soon under the brand name of the Spanish company “Repsol”. These openings are added to others in Mexico City, State of Mexico, Veracruz and Puebla.

In total, Repsol will be opening more than 60 stations, in addition to those already operating in the CDMX.

The company has proposed to invest 8 billion pesos in the opening of 250 service stations per year until 2022. The objective, according to the company, is to reach a market share of 8 to 10% in five years, which includes the opening of gas stations and invest in the development of new oil industry infrastructure.

Of the 11, 925 service stations operating in the country, 22% (2,651) are already working under 39 new brands, as announced by the commissioner president of the Energy Regulatory Commission (CRE), Guillermo García Alcocer

At the beginning of March, Repsol opened its first 10 service stations in Mexico City and already has agreements for the opening of 25 additional stations, in the CDMX metropolitan area.

Im alliance with OctanFuel group, formed by more than 300 local entrepreneurs, Repsol will open their first gas stations in Veracruz and Puebla.

As other companies have done, Repsol will offer Neotech fuels in its stations, a formula that, according to the company itself, will bring the accumulated experience in the most demanding motor competitions, such as the World Motorcycle World, the Dakar or the Formula 1 Championships.

Repsol assures that they have installed new own manufactured pumps in their gas stations, where they have installed the Repsol Safe Station System for volumetric control, to reinforce billing and remote monitoring of the pumps.

In addition to distributing its lubricants, in the area of ​​exploration and production of hydrocarbons six exploration blocks were awarded to Repsol in the oil bidding rounds, in partnership with local companies.

Source: elsoldemexico.com.mx