Terpel buys ExxonMobil gasoline retail business in Colombia

Gasoline stations across Colombia may soon be branding the emblematic colors of Terpel after the oil and gas leader secured a $603 million loan to acquire the assets of ExxonMobil in Colombia.

Terpel is expanding its existing portfolio of 5,691 gasoline stations as well as finalizing the purchase of ExxonMobil’s lubricant business.

Source: The City Paper Bogota