Shell opens service station in Mexico

The new service station will be located in Tlalnepantla on the outskirts of Mexico City.

Shell is planning to invest approximately US$1 billion in Mexico over the next 10 years, should market conditions continue to develop at their current rates. These investments will be channelled into expanding and improving the retail network, improving fuel logistics infrastructure and developing partnerships to deliver world-class products and services to Mexican consumers and businesses.

István Kapitány, Shell Executive Vice President of Retail, said: “This is a major milestone for Shell and shows our ongoing commitment to Mexico. As the fifth-biggest consumer of gasoline in the world, it is an important and growing market […] We have been present in Mexico for more than 60 years, but this is our first opportunity to improve Mexican motorists’ journeys through our unique retail experience.”

As part of its expansion strategy for the next decade, Shell is also investing in other high-growth markets, such as India, China, Indonesia and Brazil. Pedro Joaquín Coldwell, Mexican Secretary of Energy, said: “The opening of fuel stations is important for Mexico, given that there are currently just 11 400 service stations, each serving an average of more than 3000 vehicles a day.”

Read the article online at: https://www.hydrocarbonengineering.com/refining/06092017/shell-opens-service-station-in-mexico/