Tag: Mexico Oil
Pemex says it has lines of credit to pay 1,300 vendors
Pemex solvent, but has liquidity problem: Director MEXICO CITY _ Mexican state-run oil company Petroleos Mexicanos says it has obtained lines of credit allowing it to pay 85 per cent of its vendors, more than 1,300 businesses. In a statement released Tuesday, the company said that at the close of 2015 it had debt of […]
Death toll in Mexico fuel theft fire rises to 5
Mexico fuel theft fire in Tabasco State MEXICO CITY _ Authorities in Mexico say five people have now died from a fire that broke out near where people were using an illegal tap to gather fuel. The fire broke out near an oil pipeline in the Gulf coast state of Tabasco on Dec. 22. The Tabasco […]
Pemex announces $23B in refinery investments
Pemex upgrade will produce cleaner gasoline: company MEXICO CITY _ Mexico’s state-owned oil company says it will invest about $23 billion in upgrading refinery capacity, in part to produce cleaner gasoline. The Petroleos Mexicanos company will spend much of the money at six refineries to produce ultra-low-sulfur fuels, which it says will help reduce emissions. […]
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