Through an operation with YPF, in which purchase of 124 gas stations in 17 provincesThe American brand Gulf is entering Argentina. This will be done through DeltaPatagonia, the brand operator in Argentina and Paraguay.
The stations that YPF sells are part of Oil Combustibles, owned by Cristóbal López, which the Argentine oil company acquired in partnership with Dapsa.
DeltaPatagonia is an energy company based in the city of Buenos Aires. Together, the partners of the group control over 900 service stations and are present in the trading business in Paraguay, Uruguay and Bolivia. With this operation DeltaPatagonia arrives in Argentina. Partners include Copetrol, Energía del Paraná and Barcos & Rodados.
Ignacio Hermida, President of the Board of Directors of DeltaPatagonia, stated that “with this purchase transaction and future investments in the brand and image of the stations, we plan to invest over the next 5 years over 22 million USD".
Eduardo Torras, CEO of the company, said that "for many years we have not had a new flag in the industry in Argentina." Gulf is a landmark brand in the field of fuels and lubricants, with a rich history of innovation and great authority in the industry. "And he added that now they have to deal with the plan of registering all points of sale in the next year and a half," and we are striving to continue to expand the network in order to achieve 150 points of sale for the year 2022".
Gulf was present in Argentina in the field of lubricants.