- BP signs an agreement with Sempra Energy's iEnova Mexican subsidiary to supply fuel into Mexico's west coast market
- the deal will provide up to 500K barrels of fuel storage capacity in a terminal in Baja California to supply BP's Mexican network of 54 gas stations, planned to expand to 1,500 stations by 2021
- the space BP will lease is half of the initial capacity of the terminal, with Chevron leasing the other half
- the agreement also gives BP the option to purchase a 25% stake in the terminal once it is completed
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Tesla Bonds Continue To Fall
Date: September 11, 2018
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