Welcome. Please login to My PetrolPlaza or register.

Home > News   > PetrolPlaza news > Glencore to invest in Mexico fuel retail market

Back to list

Glencore to invest in Mexico fuel retail market

Recommend Recommend Watchlist
Audio version Print version PDF version

Industry news
Posted / Last update: 15-03-2017 | Author: PetrolPlaza Correspondent Daniel Infante Tuaño

Commodities producer and trader, Glencore, reportedly plans to invest in the Mexican petrol station market with a $200 million joint venture with Mexican fuel stations and a 15-year gasoline and diesel supply deal, according Bloomberg.

Sources told Bloomberg that Glencore would create a new franchise brand together with G500 Grupo Gasolinero, a local alliance of petrol stations, and spend on terminals and storage.

Glencore will also supply 180,000 barrels per day of gasoline and diesel to 1,400 stations.

The company declined to comment.

Post a comment

Click here to login or register for free
*
*

*

Please repeat these characters as shown

 __   __    ______    _____     ______   _    _      ___    
 \ \\/ //  /_   _//  /  ___||  /_   _// | \  / ||   / _ \\  
  \   //    -| ||-  | // __     -| ||-  |  \/  ||  / //\ \\ 
  / . \\    _| ||_  | \\_\ ||   _| ||_  | .  . || |  ___  ||
 /_//\_\\  /_____//  \____//   /_____// |_|\/|_|| |_||  |_||
 `-`  --`  `-----`    `---`    `-----`  `-`  `-`  `-`   `-` 
                                                            


Please note: Your comment and name will be visible immediately. In order to maintain our high quality standards, every entry is checked by PetrolPlaza.



My watchlist  (for registered users only)
Newsletter

Read the latest newsletter Access the newsletter archive Subscribe for weekly newsletter




Rates are provided for information purposes only without any guarantee.