BY JOHN OTIS
BOGOTA – Thanks to government policies in Ecuador and Mexico, Colombian fuel distributor Terpel is seeing growing profits in the first market and great potential in the second one.
In Ecuador, the government has restricted the construction of new service stations, which has led to growing profits at Terpel’s existing outlets. Meanwhile, the company sees big potential in Mexico as a result of government cuts of gasoline subsidies, Terpel president Amaury de la Espriella tells Latin Business Chronicle.
However, Colombia remains the driver behind earnings, he adds.
Terpel Organization last year increased revenues by 5 percent to $2.9 billion, which ranked it fourth in Colombia and 132nd on the Latin 500 from Latin Business Chronicle.
Terpel is ...