Tag Archive for: Repsol

Spanish oil company Repsol enters the Mexican market

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FROM: El Sol de México / The Yucatán Times / 20 April 2018

Seven gas stations in Baja California Sur will start operating soon under the brand name of the Spanish company “Repsol”. These openings are added to others in Mexico City, State of Mexico, Veracruz and Puebla.

In total, Repsol will be opening more than 60 stations, in addition to those already operating in the CDMX.

The company has proposed to invest 8 billion pesos in the opening of 250 service stations per year until 2022. The objective, according to the company, is to reach a market share of 8 to 10% in five years, which includes the opening of gas stations and invest in the development of new oil industry infrastructure.

Of the 11, 925 service stations operating in the country, 22% (2,651) are already working under 39 new brands, as announced by the commissioner president of the Energy Regulatory Commission (CRE), Guillermo García Alcocer

At the beginning of March, Repsol opened its first 10 service stations in Mexico City and already has agreements for the opening of 25 additional stations, in the CDMX metropolitan area.

Im alliance with OctanFuel group, formed by more than 300 local entrepreneurs, Repsol will open their first gas stations in Veracruz and Puebla.

As other companies have done, Repsol will offer Neotech fuels in its stations, a formula that, according to the company itself, will bring the accumulated experience in the most demanding motor competitions, such as the World Motorcycle World, the Dakar or the Formula 1 Championships.

Repsol assures that they have installed new own manufactured pumps in their gas stations, where they have installed the Repsol Safe Station System for volumetric control, to reinforce billing and remote monitoring of the pumps.

In addition to distributing its lubricants, in the area of ​​exploration and production of hydrocarbons six exploration blocks were awarded to Repsol in the oil bidding rounds, in partnership with local companies.

FROM: El Sol de México / The Yucatán Times / 20 April 2018

Over 20 Oil Companies Register for Auction Mexican Gulf Blocks

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For the auction of 10 blocks in waters of the Gulf of Mexico 21 oil companies have registered to participate, among them Spanish Repsol, Norwegian Statoil and French Total, together with Mexican Pemex, it was known today.

British BP, Anglo-Dutch Shell, Chevron and Exxon Mobil, both of the United States have also registered.

These four international megacorporations, which in the past made up the influential group known as The Seven Sisters, and for decades were owners of the Mexican crude, attempt to recover the exploitation of oil fields, says daily La Jornada.

Through the license contract, the National Commission of Hydrocarbons (CNH) allows winner companies to exploit oil deposits.

Up to 1938, before nationalization of the oil industry, decreed by president Lazaro Cardenas, seven foreign companies -five of the U.S. and two British- were owners of Mexican oil.

As it transcended, the seven transnationals were baptized by Enrico Mattei, considered father of the Italian energy industry, as the Seven Sisters.

The opening date for presentation of proposals for handing concessions on exploitation of a máximum period of 50 years of the 10 auctioned blocks, located in deep waters of the Gulf of Mexico, will be set on December 5, 2016.

Copyright: Prensa Latina