Arco to extend storage capacity in Mexico

American oil company, Arco, plans to acquire greater storage capacity for gasoline and diesel in the Mexican market.

“We continue to see other projects to also bring products from the Gulf and start growing on the east coast of Mexico,” said Leonardo Girón, Arco’s marketing director, “there are several terminals that we are seeing, which are already in the final process of agreements.”

The firm is currently building a terminal for refined products in Rosarito, Baja California, at a CFEnergía site. It also has a storage terminal belonging to IEnova, in Topolobampo, Sinaloa.

With both terminals, Arco will have 1.6 million barrels of storage: 660 thousand barrels in Rosarito and one million in Topolobampo.

In 2017, the company started operations in Mexico with US fuel brought from its refineries in the northwest of the country.

Now it has 150 stations located in Chihuahua, Baja California, Sinaloa, Baja California Sur and Sonora.

“Since day one, the molecule has always been imported and we have been very successful because we have given the consumer what they want,” said Girón.

Arco has imported more than 900 million liters of fuel into the country and hopes to continue gaining more market.

“We will continue to expand the market and try to reach states like Durango, Nayarit, Jalisco,” he said.

The firm also gained oil transport and storage capacity in the Pemex open seasons 1.1 and 1.3.

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