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

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2024. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.

Sponsored Recommendations

Voice your opinion!

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