ExxonMobil plans to enter the Mexican fuels market in 2017 with Mobil-branded stations and its new signature line of advanced Synergy gasoline and diesel fuels. The first Mobil service station will be opened in central Mexico in the second half of 2017 and new stations should follow later in 2017. ExxonMobil plans to invest about US$300m in fuels logistics, product inventories and marketing in Mexico over the next ten years.
ExxonMobil has been active in Mexico for more than 130 years with other businesses and sales in the country, including chemicals and Mobil-branded lubricants, as well as interest in oil and gas exploration, where we anticipate continued growth. The group is taking advantage of the recent energy reforms, that open the Mexican oil market to private companies.
In March 2017, BP opened its first retail fuel site in Mexico, in the Satélite area of Mexico City. The company targets opening around 1,500 retail sites in the country.
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