Total will become the anchor customer of the Tuxpan International Fluids Terminal, a refined oil products terminal in Mexico.
The agreement between the Total Atlantic Trading Mexico, a subsidiary of the oil major, Tuxpan Port Terminal and Monterra Energy, means that Total will have the largest capacity in the facility in Veracruz.
Total says that this improved access to the Mexican market means it will directly provide diesel and gasoline to its customers.
Isabelle Gaildraud, senior vice president for Americas at Total Marketing & Services, says: ‘The large capacity committed by the group, combined with the competitive advantages of the terminal, will allow Total and its network of service stations to develop a leading role in the fuel retail market in Mexico City and the Valley of Mexico.’
The terminal is due to start operations in the second quarter of 2020.