Tag Archives: refinery

Pemex Liable to Pay $16.7 Billion in Debt before End of 2024

By KELIN DILLON According to the new 2023-2027 Business Plan Report presented by Mexico’s state-owned oil company Petróleos Mexicanos (Pemex), Pemex must pay back more than $16.7 billion in debt amortizations before the end of Mexican President Andrés Manuel López Obrador’s (AMLO) six-year term, which is set to end in 2024. The report revealed that Pemex was able to put

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Dos Bocas Workers Protest Unjustified Dismissals

By KELIN DILLON Just 12 days after the “inauguration of the first construction stage” of Mexico’s controversial Dos Bocas refinery, approximately 200 laborers contracted to work on the Tabasco-based project protested their unjustified dismissal from the project outside of the under-construction refinery’s gate on Wednesday, July 13. According to the protestors, the workers were initially hired by  Control Ingeniería y

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Loret de Mola Showcases AMLO’s Lies about Dos Bocas Refinery

By KELIN DILLON Several days after Mexican President Andrés Manuel López Obrador (AMLO) inaugurated the controversial Dos Bocas Refinery on Friday, July 1, Mexican journalist Carlos Loret de Mola released a scathing two-part analysis of purported lies featured in López Obrador’s inaugural address, revealing apparent inconsistencies in AMLO’s contentious Tabascan pet project. According to Loret de Mola – a perennial

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Dos Bocas Price Tag Soars by 40 Percent

By THE PULSE NEWS MEXICO STAFF The cost of Mexico’s Dos Bocas refinery — one of President Andrés Manuel López Obrador’s pet megaprojects — is expected to cost 40 percent more than previously estimated — some $3.6 billion more — and is unlikely to be completed before the government’s 2022 deadline, inside sources reported. Construction of the 340,000-barrel-per-day refinery is

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Mexico to Take Control of Deer Park on Jan 20

By THE PULSE NEWS MEXICO STAFF Mexico’s financially strapped state-run oil company Petróleos Mexicanos (Pemex) is slated to take control of the Deer Park refinery, located in Texas, on Thursday, Jan. 20, in accordance with a purchase agreement with the Anglo-Dutch transnational corporation Royal Dutch Shell, which currently owns half of the oil processing plant. In May of last year,

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United States Approves Pemex’s Deer Park Refinery Purchase

By KELIN DILLON On Wednesday, Dec. 22, the U.S. government approved Mexico’s state-owned oil company Petróleos Mexicanos’ (Pemex) $596 million purchase of Shell’s Texas refinery Deer Park, with the acquisition planned to be finalized within the first few weeks of 2022. “The purchase shows a good relationship between the United States and Mexico,” said Mexican Secretary of Foreign Relations Marcelo

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