Delta Petroleum and Terra Group Prepare for Entry into Costa Rica

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

Friday, August 26, 2011

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.

As of September, Shell service stations will have their name changed to Delta.

"In the meantime, the Honduran Terra Group, has had a presence in Costa Rica since 1st June, according to Fernando Ceballos,local president of Unopetrol, a division of the oil conglomerate Catracho.

The firm will replace the brand name Texaco with UNO within a year, said the executive who could not reveal the investment amount designated by the company”, published Nacion.com.

More on this topic

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.

Sale of Shell El Salvador To Become a Reality

February 2010

The purchase of Shell's Salvadoran operations by Honduras' Grupo Terra could become official in March.

Representatives from the Salvadoran fuel distribution industry explained that the only step remaining is the approval of the Competence Superintendence (SC). This entity has until March 9 to comply.

Fuel Market in Guatemala

January 2012

There are eight importers who supply more than 1,250 service stations; companies compete to attract customers with better services.

The purchase of Shell’s operations by Unopetrol, and Esso’s by Puma Energy, has spurred competition and is transforming the fuel sales market, with the opening of new retail outlets and additional service offers, such as car washing.

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.

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