Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

In this list

BP looking to grab 15% share of Mexico's retail gasoline market

Energy | Natural Gas Risk | Oil | Metals

Market Movers Europe, Sep 24-28: Market eyes response to OPEC/non-OPEC meeting; Iran sanctions could hit UK gas field


Platts Rigs and Drilling Analytical Report (RADAR)

Oil | Crude Oil | Oil Risk | Petrochemicals | Aromatics | Olefins | Petrochemicals Risk | Polymers | Solvents & Intermediates

S&P Global Platts University (at MEEPEC)


US to offer all available Gulf of Mexico waters for oil, gas leasing in March

BP looking to grab 15% share of Mexico's retail gasoline market

BP is keeping its options open regarding fuel supply in Mexico while itseeks to seize 15% of the country's retail gasoline market, the company'sfuel director said Friday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

BP is assessing multiple supply options, Alvaro Granada told reporters atthe inauguration ceremony of the 160th BP-branded station in Mexico.

"Our priority is that the product our consumers receive is the best pricein the market," Granada said.

Granada said BP has several supply options to achieve this goal,including buying fuel from Mexico's state company Pemex, an independentcompany, or importing the fuel itself.

"We have not committed ourselves to anything in this sense," he added.

Granada said BP in the long term seeks to build an integrated supplychain in Mexico. The company is currently evaluating several logisticsprojects, but these could take a couple of years to develop, he added.

BP wants to have 1,500 branded stations in Mexico by 2021, half of allnew stations it expects to open globally. Currently, the company hassigned 300 contracts to rebrand and build new stations, Granada said. BPexpects the number of stations under its brand will reach 500 by the endof this year.

Granada said Pemex is a strategic partner, and both companies have asupply and logistics agreement in place.

"They are providing us with good service, but I can't speak on thedetails of our agreements," he said.

The executive said BP is not importing fuel into Mexico, although it isone of Pemex's main international fuel suppliers.

Pemex still controls 99% of Mexico's gasoline imports, data from thecountry's Energy Secretariat shows.

ExxonMobil and Andeavor also import gasoline, while Koch has startedimporting diesel. However, a lack of infrastructure has limited newplayers from bypassing Pemex and directly importing large quantities.

While BP hasn't announced any major logistic projects, competitors likeGlencore, Valero Energy, Avant Energy, ExxonMobil, Koch Industries, andGrupo Lodemo are securing logistic projects across Mexico. -- Daniel Rodriguez,

-- Edited by Kevin Saville,