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English Español Mexico: Repsol expects to close the year with 250 gas stations

The target is part of a wider plan to achieve a 10% share of the Mexican retail market over the next 5 years.

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Author: PetrolPlaza Correspondent Pablo Plaza

Spanish oil company Repsol expects to close this year with 250 service stations in Mexico, as part of its plan to achieve a 10% market share over the next 5 years, reports Heraldo de Mexico.

"Repsol's project in Mexico is a long-term one, not just for service stations. We want to be present in the value chain and we want to be a relevant actor. As for service stations, we want to reach 10%, which means opening 1,200 service stations in 4 or 5 years", said Oliver Fernández, Repsol's service station manager.

Repsol is also investing in three infrastructure projects for fuel storage in Mexico in the towns of Tuxpan, Veracruz and Acolman; and Lagos de Moreno, in Jalisco. "The first will be operational during the first quarter of next year. The total capacity of these projects is 750 thousand barrels of storage," said Fernandez.

"There is a need for logistics infrastructure in the country. there are few days of storage, we are talking about 3 days of storage, and with the new regulations for strategic reserves it requires more capacity," he added.

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