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Weekly Report - 27 May 2021 (WR-21-21)

TRACKING TRENDS

MEXICO | Refinery purchase. On 24 May Mexico’s President Andrés Manuel López Obrador announced that the state-owned oil firm, Pemex, had agreed the purchase of the remaining stake in the Deer Park oil refinery in the US state of Texas for US$600m. He said that Pemex already owned a 50% stake in Deer Park, which has the capacity to refine 340,000 barrels of oil per day, and that it had now agreed the purchase of the stake still owned by Royal Dutch Shell.

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