Texas oil giant Exxon Mobil is opening its first gas stations in Mexico this week as the nation’s largest oil company works to become a major Mexican fuel supplier.
The first eight Mobil-branded stations are opening this week in the area of the central Mexican city Querétaro. Exxon Mobil plans to open about 50 fueling station in central Mexico within the next three months.
Since Mexico deregulated its energy sector and opened itself to foreign investments, the first international gas stations have begun popping up this year, ending the monopoly held for decades by state oil giant Pemex.
“The opening of these first eight Mobil service stations, made possible by Mexico’s new energy policy regime, is a significant milestone for the country and our company,” said Carlos Rivas, fuels director for Exxon Mobil in Mexico. “We look forward to helping meet the country’s growing demand for energy with a reliable supply of high-quality fuels and a positive customer experience.”