Repsol goes for 10 percent of the gasoline market in Mexico

Mexico, Mar. 12 (Notimex).- The Spanish oil company Repsol will invest eight billion pesos in the next five years, to open between one thousand and one thousand 250 gas stations in Mexico.

According to the company's Downstream CEO, Maria Victoria Zingoni, the plan is to reach between 8.0 and 10 percent of the market, with the opening of 200 to 250 stations per year.

In a press conference, she indicated that the resources will be used for the reconversion of existing gas stations, as well as for new units, and foresees that 25 percent will be their own.

In fact, she said they estimate to close 2018 with around 200 units, whose expansion will begin in Mexico City, where they will open their first station on the Picacho-Ajusco highway.

The executive said that the company also expects additional investments in a future infrastructure in Mexico, once the projects are completed.

She also indicated that they will offer additive fuel with Naotech technology, which extends the life of the engine, reduces breakdowns and maintenance costs.

"Mexico is a country with great growth potential, which represents a clear commitment and a strategic market for our company," affirmed Victoria Zingoni.

According to the Energy Regulatory Commission (CRE, for its acronym in Spanish), in the country there are currently around 11,700 service stations, of which two thousand 178 have been identified as operators under 32 new flags, equivalent to 18.5 percent of the total.

However, the regulatory body estimates that the number of service stations in the national territory could double and add 12 thousand gas stations in the country, for which they would invest approximately 12 billion dollars.

Currently, the Mexican oil company faces the competition of other 32 brands in national territory, such as Oxxo Gas, Gaso Red, Petro 7, Hidrosina, Orsan, Redco, Eco and Gasmart, La Gas and BP.

In addition to others such as Nexum, Rendichicas, Ruta, Vipgas, Rendimax, Gasmex, Shell, El Rey, Exxonmobile, Arco, Chevron, Gastop, G500, Supercarga, Smartgas, Appro, Combined and Gulf, to name a few.



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