30 August 2017, Sweetcrude, Lagos —International oil major, Chevron, has announced a plan to enter the Mexican fuel retail market.
The company on Tuesday said it would open its first Chevron-branded station in Mexico in a few weeks’ time.
This new retail station, according to the company specialises in the importation, distribution, and commercialization of refined petroleum products in Mexico.
“We look forward to growing our presence further in the country,” Brant Fish, Chevron’s vice president of Americas Products, said.
There are also plans to flag off more stations in the Sonora, Sinaloa, Baja California, and Baja California Sur state, according to the company.
Chevron’s new move follows those of Exxon and BP into Mexico’s fuel retail market.
In May this year, ExxonMobil announced its plans to enter the Mexican fuels market in 2017.
The company’s plan which would gulp about US$300 million in fuels logistics, product inventories, and marketing over the next 10 years, will be ExxonMobil’s first service station in central Mexico.
It will be opened during the second half of this year, and additional stations will open later this year, the company said.
In March, BP also opened its first fuel site in Mexico.