U.S. Markets closed

Chevron says to enter Mexican fuel market in local partnership

FILE PHOTO - A Chevron gas station sign is shown in Cardiff, California, in this January 25, 2016 photo. REUTERS/Mike Blake/File Photo

MEXICO CITY (Reuters) - U.S. energy company Chevron Corporation (CVX.N) said on Thursday it is set to enter Mexico's recently opened fuel sector, by importing, distributing and selling refined products in partnership with a local gas station network it did not name.

In a statement, Chevron said it will open its first gas station in Hermosillo, in northwest Mexico, and will in subsequent weeks launch similar outlets in the states of Sonora, Sinaloa, Baja California and Baja California Sur, all of which are in the northwest of the country.


(Reporting by Sharay Angulo and Ana Isabel Martinez)