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Mexican energy minister says new refinery will cost over USD6 bn

March 12/2019

MOSCOW (MRC) -- Mexican Energy Minister Rocio Nahle said the oil refinery that the new administration seeks to build will cost between USD6 billion and USD8 billion and could be ready in three years, said Hydrocarbonprocessing.

Speaking on local radio, Nahles cost and timing estimates for the project are in line with what President Andres Manuel Lopez Obrador has said in the past.

As MRC informed earlier, Mexico produces about 1.84 million bpd of crude, more than 60 percent of which is exported, while it imports over 1 million bpd of refined products, including gasoline and diesel, according to U.S. and Mexican government data.
Author:Anna Larionova
Tags:petroleum products, petrochemistry, Crude oil.
Category:General News
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