Terpel, formally known as Organización Terpel S.A.

S.A. (corporation)

S.A. designates a particular type of corporation in various countries, mostly those employing the civil law. It originated in Spain during the 16th century. Depending on language, the abbreviation stands for various phrases meaning anonymous society, anonymous company, anonymous partnership, or...

(Terpel Organization), is a Colombian

Colombia

Colombia, officially the Republic of Colombia , is a unitary constitutional republic comprising thirty-two departments. The country is located in northwestern South America, bordered to the east by Venezuela and Brazil; to the south by Ecuador and Peru; to the north by the Caribbean Sea; to the...

 Oil

Oil

An oil is any substance that is liquid at ambient temperatures and does not mix with water but may mix with other oils and organic solvents. This general definition includes vegetable oils, volatile essential oils, petrochemical oils, and synthetic oils....

 and Gas

Gas

Gas is one of the three classical states of matter . Near absolute zero, a substance exists as a solid. As heat is added to this substance it melts into a liquid at its melting point , boils into a gas at its boiling point, and if heated high enough would enter a plasma state in which the electrons...

company. In the last few years Terpel has acquired several companies outside of Colombia, most recently 200 gas stations in Chile.

Company history

Terpel was founded in 1968 as a solution to the shortage of gasoline in Santander, Colombia. The Terpel Bucaramanga Company was formed then with 20 service stations, with plans to expand to a national scale in future with the creation of 6 further "Terpeles" in different Colombian regions. Terpel began to strengthen its purpose: to be the fuel distributor known for its close client relationships and with a strong regional presence.

In 2001, the principal shareholders of Terpeles, integrated the 7 regional companies and created the Terpel Organization which was consolidated in 2004. The objective of this initiative was centered in obtaining unity of strategic business negotiation, administrative stability, generating synergies for their clients and to promote their brand to properly compete in a market that constantly demands a higher national presence.