Chevron plans $90M push in El Salvador, with 60 new stations
The Texaco brand operator marks 90 years in the country by expanding its Acajutla fuel terminal and lubricants plant, with storage capacity rising to 710,000 barrels.
Chevron will invest $90 million in El Salvador over the next five years to expand its fuel terminal and lubricants plant in Acajutla and to open 60 new service stations. The company announced the plan at a press conference marking 90 years of operations in the country, where it has run the Texaco brand since 1936.
At Acajutla, two new tanks will raise storage capacity from 450,000 to 710,000 barrels, and they are expected to be ready in 2027. The new commitment follows a $55 million investment cycle that Chevron has carried out since 2020, as reported by Diario El Mundo.
The new stations will be spread across the country. Miguel Ramos, Manager of Chevron El Salvador, said each one requires “an exhaustive study of traffic and strategic location.”
“An investment brings a chain of benefits,” Ramos said. “Direct and indirect jobs are created, people’s lives improve and, most importantly, it builds the future.”
