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Mexico to delay construction of Dos Bocas refinery

March 14/2019

MOSCOW (MRC) -- Mexico will delay the construction of the Dos Bocas refinery and instead funnel the USD2.5 billion earmarked in 2019 for the project into state oil firm Pemex, Arturo Herrera, Mexicos deputy finance minister, told the financial Times in an interview, reported Reuters.

As MRC informed earlier, this week, 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.

Pemex, Mexican Petroleum, is a Mexican state-owned petroleum company. Pemex has a total asset worth of USD415.75 billion, and is the world's second largest non-publicly listed company by total market value, and Latin America's second largest enterprise by annual revenue as of 2009. Company produces such polymers, as polyethylene (PE), polypropylene (PP), polystyrene (PS).


mrcplast.com
Author:Margaret Volkova
Tags:crude and gaz condensate, Pemex Petrochemicals, Mexico.
Category:General News
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