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LatinNews Daily - 05 October 2018

In brief: Mexico

* Pemex Comercio Internacional (PMI), the commercial arm of Mexico’s state-owned oil firm Pemex, has announced that its public tender for the provision of 350,000 barrels of Light Louisiana Sweet (LLS) crude oil had no response. PMI was looking to import light crude from US producers to refine at Pemex’s Pajaritos refinery in Veracruz state. But PMI said that no bids were presented, as US suppliers said that “they were not able to meet the terms and conditions required” to deliver the order to the Pajaritos refinery by 22 October. However, PMI said that there was a lot of interest from producers in other countries to supply light crude oil to Pemex and that it would now open a new international tender process for the provision of light crude. The announcement by PMI comes after last week Pemex director, Carlos Treviño Medina, warned that there was a shortage of light crude in Mexico that was limiting Pemex’s capacity to produce refined petrol fuels, and that the firm would have to resort to importing light crude.

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