Mexico to recover investment in Texas refinery in 2-3 years, president says

05/26/2021

Source: Reuters

Mexico should recover its investment to buy the controlling stake of the Deer Park refinery in Texas during the next two to three years, President Andres Manuel Lopez Obrador said on Wednesday.

Mexican state oil company Petroleos Mexicanos (PEMX.UL) this week announced the purchase of a 50.1%-stake in the 340,000-barrel-per-day refinery from its partner Royal Dutch Shell (RDSa.L) for some $596 million.

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One thought on “Mexico to recover investment in Texas refinery in 2-3 years, president says

  1. “……….Romero hailed the transaction that will end a 28-year-long partnership as an important step toward Mexico’s energy self-sufficiency, so that it can stop importing gasoline by 2023…”

    This is incredibly incoherent .

    Like

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