BP plans entry into Mexico's once-closed retail gasoline market

By David Alire Garcia | MEXICO CITY | (Reuters)

Motorists will be able to fill up their gas tanks at about 1,500 new BP service stations the oil major plans to open across Mexico over the next five years, company executives said on Thursday.

The entry of Britain’s BP into Mexico’s fuel market, which by law was closed for decades to all firms except national oil company Pemex, marks the first time an international oil major has sought a foothold in Mexico’s newly liberalized fuel sector.

BP operates around 18,000 gas stations scattered across some 20 countries… Read more on Reuters.

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