MEXICO CITY – BP officially opened its first retail fuels site in Mexico last week as part of its plan to invest in the Mexican convenience and fuel market over the next five years.

The new BP retail site in the Satélite area of Mexico City is the first global oil company branded site operating in Mexico, since the country approved deregulation of the fuel retailing market in 2013. BP plans to open about 1,500 retail sites in Mexico over the next five years. In 2017, BP plans to open approximately 200 BP-branded retail sites in Mexico, including both dealer and company owned-and-operated sites.

Tufan Erginbilgic, BP’s downstream CEO, commented: “BP’s retail strategy is focused on delivering a strong, differentiated offer built around top-quality fuels, lubricants and convenience for consumers in growing markets worldwide. We are delighted to be the first international oil company serving Mexican consumers in what is the sixth-largest consumer gasoline and diesel market globally.”

BP has more than 18,000 service stations in 19 countries around the world. In December 2016, BP and Woolworths Group agreed to enter a strategic partnership where BP will acquire and operate 527 retail sites in Australia, subject to regulatory approvals.

"BP’s retail offer is already well-known in the U.S. and Europe for high-quality fuels, Castrol lubricants and a great convenience offer,” said Álvaro Granada, general manager of BP’s retail business in Mexico. “We are delighted to bring our BP-branded fuel and convenience offer to consumers for the first time here in Mexico and look forward to opening more BP stations throughout the country and creating thousands of new retail jobs in the process."