(Energy Analytics Institute, Aaron Simonsky, 26.Mar.2019) — Dapsa, or La Destilería Argentina de Petróleo, announced plans to invest $30 million to launch a network of 350 service stations in 12 provinces in Argentina with aim to control 2.5% of the national fuel market.
The network will be composed of 125 stations to be acquired from the liquidated Oil Combustibles as well as the so-called “white stations,” to which it already supplies.
The initiative is slated to commence in May and the company plans to have a presence in Buenos Aires, Santa Fe, Entre Rios, Corrientes, Misiones, Chaco, Cordoba, Catamarca, Santiago del Estero, Tucumán, Mendoza and San Juan, reported online media Clarín.
The investments will be spread over the next 24 months to brand some 50 stations under its name in 2019, and to reaching 150 in 2020, and finally reaching 350 by 2021.
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© Energy Analytics Institute (EAI)