BP Increasing Formal Employment Within Mexican Retail Fuels Sector
BP plc is increasing the level of formal employment within the Mexican retail fuels sector, Chris Sladen, BP Mexico country head, said at an oil and gas conference in London held Tuesday.
The energy major officially opened its first retail fuel site in Mexico March 10, as part of a plan to invest in the growing Mexican market over the next five years.
“All of our staff are properly employed. Previously staff at this station lived on tips, they were not in the registered economy and they were living in what is called the informal economy,” Sladen said at the conference, which was attended by Rigzone.
“We have taken people out of the informal economy … and moved them into the formal economy,” he added.
BP aims to open around 1,500 retail sites over the next five years, according to a company release.
In addition to highlighting the opportunities available for international energy companies in Mexico’s downstream sector, the conference revealed prospects for foreign upstream firms too.
The Head of Energy and Environment at the Department for International Trade, Enrique Cornejo, suggested that firms across the supply chain could pick up business in the country, but warned that certain behaviors were expected.
“Engagement is important, face to face interaction is a very important thing in Mexico, take that seriously. Speaking Spanish is important of course,” Cornejo said.
Approximately 90 percent of Mexico’s 2P reserves and 95 percent of the country’s prospective resources are still available for tender, Claudio de la Cerda, director general for the exploration and extraction of hydrocarbons at Mexico’s Ministry of Energy, said.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.