Texas-based MMEX Resources Corp aims to gather US$450M to build a refinery in Pecos County in Texas, to export diesel and gasoline to western Mexico.
The Federal Economic Competition Commission (Cofece) recommendedthat the NOC release some of its ports so that they can made be available to companies that are about to compete in the Mexican market.
In the middle of the fuel price debate and questioning of Mexico’s heavy dependence on fuel imports, the government is considering the construction of a new refinery, either financed by private capital, or in partnership with Pemex.
Pemex announced it would be responsible in case fuel theft takes place in its transportation infrastructure. However, according to the CRE, if the NOC proves it did everything to prevent it from happening, companies would not be compensated.
One of Energy Reform goals was to attract investment to improve the sector’s infrastructure in Mexico. The Energy Regulatory Commission (CRE) announced that gas pipeline investments have advanced satisfactorily.