Total Enters the Petroleum Product Retail Sector in Mexico
October 12 2017 - 10:23AM
Business Wire
Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has entered into an
agreement with GASORED, a group of service station owners, to
rebrand a network of around 250 service stations in and around
Mexico City under the Total brand.
Present in Mexico since 1982, Total is aiming to capitalize on
the deregulation of the country’s fuel sales and supply market to
significantly expand its activities there. “We are pleased with
this commercial agreement with GASORED. Strengthening our presence
in Mexico, Latin America’s second-largest market for petroleum
products, is in line with our strategy of enlarging our network in
growth regions,” commented Momar Nguer, President of Marketing
& Services at Total.
The first Total-branded stations will open by the end of the
year, with deployment continuing in 2018 and 2019. The
Total-branded outlets will offer consumers and business customers
the company’s full lineup of fuels and lubricants, as well as a
broad range of products and services.
Total in Mexico
Total has been present in Mexico since 1982. With 6,000
employees, the Group is involved in specialty chemicals and markets
lubricants, additives, special fluids and related services there.
Total also has interests in four exploration blocks, two of which
it operates, in the Gulf of Mexico.
About Total
Total is a global integrated energy producer and provider, a
leading international oil and gas company, a major player in
low-carbon energies. Our 98,000 employees are committed to better
energy that is safer, cleaner, more efficient, more innovative and
accessible to as many people as possible. As a responsible
corporate citizen, we focus on ensuring that our operations in more
than 130 countries worldwide consistently deliver economic, social
and environmental benefits.
www.total.com
About GASORED
Founded in 2004, GASORED is a network of 30 partners operating
more than 250 service stations in Mexico City and the surrounding
region. Led by Victor Suarez, GASORED offers premium services to
customers and meets the highest safety and business ethics
standards.
* * * * *
Cautionary note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL S.A. directly or indirectly owns investments are separate
legal entities. TOTAL S.A. has no liability for their acts or
omissions. In this document, the terms “Total” and “Total Group”
are sometimes used for convenience where general references are
made to TOTAL S.A. and/or its subsidiaries. Likewise, the words
“we”, “us” and “our” may also be used to refer to subsidiaries in
general or to those who work for them.
This document may contain forward-looking information and
statements that are based on a number of economic data and
assumptions made in a given economic, competitive and regulatory
environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TOTAL S.A. nor any of
its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends
contained in this document whether as a result of new information,
future events or otherwise.
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