Pemex to Build $9.1 Billion Refinery

April 14, 2009
The new unit will have a production capacity of 300,000 barrels per day.

Mexican national oil company Pemex announced on April 14 it would build a new refinery in the central state of Hidalgo, investing $9.1 billion in the project.

The new unit will have a production capacity of 300,000 barrels per day and the construction charge will be taken in 2011, Pemex director general Jesus Reyes Heroles said.

Mexico's six refineries -- the newest of which dates back to 1979 -- are insufficient to refine the country's total crude production of 2.8 million barrels per day.

Part of Mexico's oil is currently refined in the U.S.

Copyright Agence France-Presse, 2009

Popular Sponsored Recommendations

Legacy Phone Lines Are Draining Your Profits

Oct. 30, 2023
Copper wire phone line expenses that support emergency devices could be costing your company millions of dollars in wasteful overhead expenses. Rates have been skyrocketing while...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Machine Learning and Predictive Analytics Guidebook for Engineers

Sept. 27, 2023
Leverage Domain Expertise to Drive Optimization – Without Needing a Data Scientist.

Turning Your Frontline Workforce into a Competitive Advantage: A Comprehensive Guide

Sept. 19, 2023
In this guide, we'll explore how manufacturers are using digital technologies to preserve the bottom line and maintain growth by enabling and empowering their #1 asset - their...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!