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
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.
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.
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.
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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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