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Oil Giant Shell Seeks a Piece of Succulent Mexican Pie

 

 

Caracas, Sunday May 28, 2017

MEXICO CITY – “We’re not here to go unnoticed,” said an executive in Mexico of the multinational oil giant Shell, which this year will open its first gas stations in this country, now that the state monopoly in the nation’s energy sector has come to an end.

“Shell operates in over 70 countries and we have more than 43,000 Shell-brand gas stations worldwide… Wherever we are, we play a relevant role and now we’re here to play a relevant role on the Mexican market,” Andres Cavallari, director of downstream operations (refining and marketing) of Shell Mexico, told EFE.

It’s still too soon for Shell to give details about its investment plan or the number of service stations with which it plans to get started in Mexico, but this year “we will open our first gas station,” the director said.

With its launch plan, the company of British-Dutch origin shows its determination not to be left behind in Mexico, after the reform set in motion by President Enrique Peña Nieto opened the sector to private enterprise after decades of a state monopoly in the hands of Petroleos Mexicanos (Pemex).

The race is on. In early March the UK oil company BP, another colossus, established its first service station in Mexico, and announced it will open up to 1,500 gas stations over the next five years.

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