PEMEX WILL SPEND $23 BLN
Mexico's Petroleos Mexicanos (Pemex) said it will spend $23 billion on projects designed to modernize and reduce greenhouse gas emissions from the country's six refineries.
Announced by Mexican President Enrique Pena Nieto during a Dec. 8 event held at the 315,000-b/d Miguel Hidalgo refinery in Tula, Hidalgo state, the investment program comes as a result of partnerships and alliances formed by Pemex with private and foreign investors following Mexico's 2014 sweeping energy reform, the state-run company confirmed in a release.
To boost production of ultralow-sulfur gasoline (ULSG), Pemex will invest a total…
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