Total Enters the Petroleum Product Retail Sector in Mexico
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has entered into an agreement with GASORED, a group of service station owners, to rebrand a network of around 250 service stations in and around Mexico City under the Total brand.
Present in Mexico since 1982, Total is aiming to capitalize on the deregulation of the country’s fuel sales and supply market to significantly expand its activities there. “We are pleased with this commercial agreement with GASORED. Strengthening our presence in Mexico, Latin America’s second-largest market for petroleum products, is in line with our strategy of enlarging our network in growth regions,” commented Momar Nguer, President of Marketing & Services at Total.
The first Total-branded stations will open by the end of the year, with deployment continuing in 2018 and 2019. The Total-branded outlets will offer consumers and business customers the company’s full lineup of fuels and lubricants, as well as a broad range of products and services.
Total in Mexico
Total has been present in Mexico since 1982. With 6,000 employees, the Group is involved in specialty chemicals and markets lubricants, additives, special fluids and related services there. Total also has interests in four exploration blocks, two of which it operates, in the Gulf of Mexico.
Total is a global integrated energy producer and provider, a leading international oil and gas company, a major player in low-carbon energies. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.
Founded in 2004, GASORED is a network of 30 partners operating more than 250 service stations in Mexico City and the surrounding region. Led by Victor Suarez, GASORED offers premium services to customers and meets the highest safety and business ethics standards.
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