Last updateFri, 19 Apr 2019 3pm


End-User News

Mexico to Spend $11 Billion on Refineries

“Mexican President-elect Andres Manuel Lopez Obrador said his administration will invest more than $11 billion to boost refining capacity in order to curb growing fuel imports,” Reuters  reports.

Lopez Obrador told reporters “his government plans to invest $2.6 billion to modernize existing domestic refineries owned and operated by national oil company Pemex and spend another $8.4 billion to build a new one within three years.” 

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