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Texaco celebrates 100 years in Dominican market

Fuel distribution company Texaco is celebrating its 100th anniversary in the Dominican market. With 140 stations nationwide, the first Texaco gas station opened in March 1916.*
The company markets the difference in yield the additives Techron and Techron D make in the diesel and unleaded premium and regular gasoline it sells.

In the Dominican Republic, Texaco is managed by GB Energy, which purchased Texaco operations in the DR, Jamaica and St. Maarten in 2012 and operates 200 gas stations all together. *The GB Group first entered the energy industry in Haiti in 2003 prior to entering the market in other Caribbean countries.

In an interview with the Grupo Corripio news media on Thursday 20 October 2016, executives Pablo Portes, regional CEO; Bruno Vincent, CEO in the Dominican Republic, and social corporate responsibility director Walkiria Caamaño and spoke of the company’s vision for the future.

In the Dominican Republic, Texaco handles 4.2 million of the 32 million barrels of fuel, with its competitor Total with around 4.0 million. They said that over the years, there has been a decline in sales of regular unleaded gasoline and an increased in propane gas sales. The company also services hotels, restaurants, laundries whose equipment runs on propane gas, in addition to vehicles.

Source: DR1, Eldia

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Last updated October 22, 2016 at 2:00 PM
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