China invests $600 million into Mexico’s Dos Bocas refinery

January 14, 2020

Source: Houston Chronicle
By: Sergio Chapa

Baton Rouge Refinery

During a Monday morning event in Mexico City, China’s ambassador to Mexico Zhu Qingqiao announced that the Bank of China and the Industrial and Commercial Bank of China, or IDBC, would invest $600 million into the Dos Bocas Refinery.

Already under construction in the southern coastal state of Tabasco, the refinery project is designed to process 340,000 barrels of heavy crude oil per day into gasoline, diesel and other products.

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