Panamanians Buy Petrol Stations in Costa Rica

Delta Petroleum has announced the purchase of 19 service stations that the French company Total operates in Costa Rica.

Thursday, March 30, 2017

The transaction is still subject to approval by the authorities, according to the companies.  

The company Total said in a statement that "....'After several years in Costa Rica, we concluded that it would be difficult to achieve a significant market share in fuel distribution. However, we will maintain our presence in the distribution of special fluids and lubricants through a distributor and in Delta service stations', said Isabelle Gaildraud, Senior Vice President of the Americas at Total."

Elfinancierocr.com reports that "...For its part Delta, which has 33 stations in our country, sees this acquisition as a way of reiterating its commitment to continue growing in the region. `This acquisition allows us to bring that same experience of care and service to other corners of this beautiful country, replicating the successful formula that we developed through listening to and understanding our clients," said Augusto Gerbaud, general manager of Petróleos Delta."

Petroleos Delta is a company founded on Panamanian capital in 1983 with the acquisition of the operations of Gulf Petroleum in Panama. It started its operation in Costa Rica in 2010 after acquiring Shell's operations in Costa Rica and Panama. With this purchase it now has 52 service stations in Costa Rica and 186 in Panama.



More on this topic

Guatemala: Sale of Gas Stations

March 2016

The Honduran Terra Group has acquired the network of 32 service stations from PacificOil that will now be operated by UNO Guatemala.

The deal relates to the corporate division of Terra Oil, part of Terra Group, which acquired all of PacificOil's service stations in Guatemala, reported Elperiodico.com.gt.

Unopetrol Acquires Rubis Nicaragua

December 2011

The company, part of the Terra Group, has completed the acquisition of Rubis Nicaragua.

After several months of negotiations, the fuel company Unopetrol has completed the buying process of Rubis Nicaragua, positioning itself as a leader in the oil market in Central America.

Delta Petroleum and Terra Group Prepare for Entry into Costa Rica

August 2011

The companies that acquired the Shell and Texaco service stations are preparing for changes in operation.

Delta Petroleum of Panama, which last year bought the assets of Shell Costa Rica will invest $4 million in renovations and changes to the brand image, said Mauricio Barzun,general manager ofDelta Petroleum Costa Rica.

Petróleos Delta Acquires Assets of Shell Costa Rica

March 2011

Petróleos Delta closed negotiations to purchase Shell and will invest $ 4 million over the long term in the network of gas stations.

The new company will also operate the 13 convenience stores located at the gas stations.

"Both services will change name and corporate identity over the short term, the CEO added.

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