The vice president of this joint venture, Luz Estrella Rodríguez, made the announcement, adding that they are venturing into the propane gas market with a greater supply.
As part of its marketing strategy, the company initially, offered lower prices than its competitors, but has gradually aligned its prices with the market.
"When asked about the gas stations that Alba Petróleos is adding to its network, Rodriguez declined to elaborate on the amount of investment or the places where they will be located. However this newspaper has learned of at least two new stations under construction, one located on the ‘Bulevar del Ejército’ and one at the end of the street ‘El Mirador de la capital’, but the vice president of Alba Petróleos would not confirm if they are part of the eight new stations", reported Elsalvador.com.
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Nicaraguan Petrol Distributor (DNP), a network of 50 gas stations in the country, was acquired for an undisclosed amount.
The purchase was done by a holding company related to the family of President Ortega. Its previous owner was Swiss company Glencore, and its assets include storage tanks in Puerto de Corino, capable of 60.000 barrels.
The company plans to open 80 new service stations in an attempt to consolidate themselves as the second largest in the Guatemalan market.
During the course of this year, share purchases will be completed with ExxonMobil in Belize, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
In order to adjust to new rules coming into effect in 2015 to improve services to consumers, gas stations will have to invest about $30 million.
Since in Costa Rica fuel prices are set administratively, business operators must focus on delivering better complementary automotive services and convenience stores.
The investment, worth almost $2 million, will enable the fuel importer to open new stations by the end of 2010.
Puma Energy's General Manager, Juan Ángel Díaz, indicated that their expansion plan seeks to position the company as an alternative to traditional companies, particularly outside urban centers.