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Thursday, July 31, 2008


Mexico’s Pemex proposes new oil refinery.

Reuters UK, July 31, 2008 - “Mexico’s state-run energy monopoly Pemex presented a plan on Wednesday for a new oil refinery with a processing capacity of 300,000 barrels per day of heavy crude. Pemex suggested nine possible sites in a proposal to Congress for the new refinery, which is badly needed as the company pays billions of dollars to import costly foreign fuel to cover a 40 percent shortfall in domestic refining. The proposal follows a call by President Felipe Calderon in March to draw up a study for a new refinery.” Read more.

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