Glencore to Start Importing Fuel for Mexico in February
Trading firm Glencore expects to start importing fuel for Mexico's domestic market in February 2018 through its own terminal in the southern state of Tabasco, the head of the firm's oil division, Alex Beard, said on Thursday. "As soon as we have an opportunity to import through our own infrastructure in Tabasco, we will," Beard said at the inauguration of the first gas station branded under the franchise G500, created from a distribution partnership by Glencore and Corporacion G500, signed in May.
Pemex urges against panic fuel buys in Central Mexico
Mexico's state oil firm Pemex urged motorists in the central state of San Luis Potosi against "panic buys" on Sunday, after the state suffered fuel shortages due to rampant thefts. "Pemex earnestly asks the population of San Luis Potosi to avoid making panic buys of fuel," the company said on Twitter, adding there was a sufficient supply. On Saturday the company said inclement weather in the port city of Tuxpan and various thefts on the highway between the cities of Salamanca and Leon in the state of Guanajuato had reduced its inventory.
Pemex: 500 People Evacuated for Gas Leak, No Injuries
Mexcan state oil company Pemex said around 500 people had been temporarily evacuated near the city of Salamanca in central Mexico due to a gas leak caused by an illegal pipeline tap, though no injuries were reported. The valves on the affected stretch were closed on the Valtierrilla-Abasolo pipeline as workers sought to disperse the gas cloud, Pemex said on its Twitter account. (Writing by Dave Graham)
Pemex Says Restarting Plant at Mexico Refinery
Mexican state oil giant Pemex said on Tuesday that engineers were in the process of restarting a catalytic plant at the company's Salamanca oil refinery. The plant at Pemex's fourth biggest refinery went offline at 5.15 a.m. ET on Tuesday morning, Pemex said in a statement. It was not yet clear whether output had been affected, a Pemex spokesman said. The Salamanca refinery, in central Mexico, is capable of producing up to 220,000 barrels of oil per day. (Reporting by Adriana Barrera; Editing by Savio D'Souza)
Pemex to Spend $5.5b on Plant Upgrades, Pipeline
Mexico state-run oil company Pemex on Thursday said it will invest nearly $5.5 billion in expanding the country's largest natural gas pipeline, building a fertilizer plant and boosting output of cleaner-burning gasoline and diesel. Pemex said it would spend $2.5 billion on the second phase of the Los Ramones pipeline, which will eventually run from the U.S.-Mexico border to central Mexico to help satisfy growing demand for gas by boosting cheap imports from the United States.
Pemex Selects Odebrecht to Help on Gas Project
Mexico state oil giant Pemex said on Wednesday it had selected a consortium that includes Brazilian conglomerate Odebrecht to help complete the phase 2 north part of Los Ramones, the country's largest natural gas pipeline. The pipeline due to run from the U.S.-Mexico border to central Mexico is the country's biggest energy infrastructure investment in decades, and designed to help satisfy growing demand for gas by boosting cheap imports from the United States. The consortium…
Mexican Landowners Pose Threat to Energy Investors
When foreign investors begin to pour into Mexico's overhauled energy sector in the coming months, they will face a potent force well-known to miners: Mexico's ejidos, or rural landowner groups. The product of revolutionary land reform - almost a century ago - that redistributed more than 100 million hectares from large landowners to small farming groups, the ejidos control surface rights to large swaths of Mexico. The ejidos are often poor but they can be powerful: machete-wielding landowners shuttered government plans for a new Mexico City airport in 2002.
