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Pemex cannot comply with reduced sulfur content rule

July 18/2019

MOSCOW (MRC) -- Mexican state oil company Petroleos Mexicanos, or Pemex, cannot currently comply with a new rule requiring less sulfur content for motor diesel, according to a document showing its business plan and seen by Reuters.

The document said that while Pemex implements measures to produce more low-sulfur diesel at its refineries, the state-owned firm has introduced some relevant legal measures.

As MRC informed earlier, Mexico will reduce the tax burden of heavily indebted Pemex by some USD7 billion over the next two years and inject government capital to build a new refinery and raise output from onshore and shallow water fields.

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).
Author:Anna Larionova
Tags:petroleum products, petrochemistry, Pemex Petrochemicals.
Category:General News
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