Exxon Mobil Moves Into Mexico
Style Magazine Newswire | 12/15/2017, 9:11 a.m.
Source: MySanAntonio.com
Texas oil giant Exxon Mobil opened its first gas stations in Mexico last week as the nation’s largest oil company works to become a major Mexican fuel supplier. The first eight Mobil-branded stations opened around Querétaro, a city in central Mexico. Exxon Mobil also made its first fuel shipments to Mexico last week, joining Chevron and other U.S. refiners seeking to supply one of the world’s largest markets, recently opened to foreign companies. Since Mexico deregulated its energy sector, international gas stations have begun popping up this year, ending the monopoly held for decades by state-owned oil company Petroleos Mexicanos, or Pemex. British oil major BP opened the first non-Pemex gas stations in Mexico this spring.
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