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Pemex wants to invest in its refineries

Tuesday, February 14th, 2017 Category: Downstream & Pricing

The Mexican company needs to reverse the critical situation of its refineries. Production has fallen to historically low levels and competition is increasing. Pemex looks to get partners to invest in its refineries.

A report in Forbes Mexico said that Pemex seeks alliances with private companies. Interested companies should provide sufficient financial resources to reconfigure Pemex refineries. If the company does not achieve an association, it could lose more than MXN$100B in 2025.

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