Exxon Mobil Announces Plan To Open 8 Gas Stations In Mexico
MEXICO CITY (AP) - Exxon Mobil says it plans to open at least eight gas stations in north-central Mexico in 2018, with hopes of having as many as 50 Mobil-brand stations operating by the end of the first quarter.
The Irving, Texas-based oil and gas giant announced an alliance Wednesday with Mexico's Grupo Orsan to sell gasoline from a U.S. Exxon Mobil refinery at the Mexican stations.
The fuel will be refined in Texas, sent by rail tanker-car to private distribution centers in Mexico and delivered by tank trucks to the stations.
Until 2016, all Mexican gas stations operated under the brand of the state-owned petroleum company Pemex. Under legal reforms, two private Mexican companies opened gas stations in mid-2016, and BP opened its first private gasoline station earlier this year.
(© Copyright 2017 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)