Economy & Business - February 2022

MEXICO: Fuel self-sufficiency distant despite US refinery purchase

Mexico’s state-owned oil company Pemex formally took over the Deer Park refinery in Houston, Texas, on 20 January after it bought a 50% interest in the refinery from Anglo-Dutch multinational oil firm Royal Dutch Shell to become its sole owner. According to press reports, Pemex acquired the remaining 50% of the company for US$596m. The funds came from the national infrastructure fund (Fonadin).

End of preview - This article contains approximately 601 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.