Mexico's Pemex to Modernize Service Stations EFE
go to original June 15, 2014

Mexican state-owned oil giant Petroleos Mexicanos said it will modernize its 10,900 service stations nationwide as it prepares for competitors to enter the market starting in 2018.

Pemex is "building a franchise of modern, strong, profitable and well-positioned service stations," CEO Emilio Lozoya said Thursday at the inauguration of an annual petroleum retailers' convention in the Caribbean city of Playa del Carmen.

He added that the company's network of service stations, which meet demand in a country with 25 million automobiles, must not only offer the highest-quality fuel but also top-of-the-line service to more demanding customers.

Last December's energy overhaul, whose implementing legislation is currently being debated in Congress, allows private players into Mexico's oil industry for the first time since it was nationalized in 1938.

Read the rest at Fox News Latino

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