App
International Edition

Thursday

March 30, 2017

Breaking News, World News and Taiwan News.
About Us
Subscribe
Advertise
Contact Us

Mexicans line up at first foreign-owned gas station

MEXICO CITY- Mexicans are lining up at the first private gasoline station operated by a foreign firm.

Until last year, all Mexican gas stations operated under the brand of the state-owned petroleum company Pemex.

Now Pemex has competition from BP, whose first station opened this week on the outskirts of Mexico City.

Customers were drawn by what BP calls its "Active technology," apparently a gasoline additive.

The opening of the retail sector to competition was part of energy reforms passed in 2014.

Two private Mexican companies opened three gas stations under their own brands in June.

Mexico's oil industry was nationalized in 1938, but recent reforms aim to attract private investment to bolster the country's falling crude production.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
MOST POPULAR OF THIS SECTION
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search