Did mexico buy a refinery in texas?
Mexico’s president announced Monday that Royal Dutch Shell has agreed to sell its controlling interest in the Deer Park refinery in Houston, Texas to its partner Mexican state oil company Pemex for $596 million. According to Andres Manuel Lopez Obrador, the deal makes Pemex the sole owner of the refinery.
Who owns Pemex now?
Secretariat of Energy
Pemex/Parent organizations
Who owns the refinery in houston texas?
LyondellBasell
The refinery was part of a joint venture with CITGO Petroleum from 1993 –2006. The company reacquired full ownership of the plant in 2006 and the refinery, operating as Houston Refining LP, is now a wholly owned subsidiary of LyondellBasell.
Does Mexico own shell?
Catch up on the developing stories making headlines. MEXICO CITY — Mexico said Monday it will buy Shell’s 50% share in the jointly owned Deer Park refinery near Houston for about $600 million.
Who is the CEO of Pemex?
Octavio Romero Oropeza (Dec 2018–)
Pemex/CEO
What is the largest refinery in us?
Baytown refinery
Opened in 1920, Exxon’s Baytown refinery is the largest in the United States, the second largest in the Western hemisphere and also Exxon’s second largest facility after its Singapore complex.
Did Pemex buy Shell Deer Park?
Shell announced the Deer Park refinery sale in May, with Pemex set to buy Shell’s 50.005pc stake for $596mn after holding a minority stake in the facility for the better part of 30 years.
How much is the Deer Park refinery worth?
The Deer Park Refining Limited Partnership was a 50-50 joint venture between Shell and Pemex subsidiary, P.M.I. Norteamerica. The transaction is anticipated to be worth in the region of $596 million in a combination of cash and debt, including the value of hydrocarbon inventory.
Who is buying Shell refineries?
Where can I find Pemex procurement International Inc?
You can also contact our office, Pemex Procurement International, Inc. (PPI), in Houston, Texas. PPI handles the acquisition of goods and services from foreign companies.
Where does PEMEX have a refinery in Texas?
Pemex’s PEMX.UL domestic refining operations have long racked up losses, and the 2019 internal assessment seen by Reuters found the state oil group had failed to take advantage of its nearly three-decade partnership with Royal Dutch Shell RDSa.L in the profitable Deer Park refinery in Texas.
How often does the CEO of Pemex change?
Corporate (CEO and VP’s) change every time someone in PEMEX Mexico sneezes. In 4 years we saw 5 presidents come by, each bringing their own entourage from Mexico, and most of them not qualified to perform under the tittle given (political positions due to favors owed).
When did Pemex tie up with Shell in Deer Park?
When Pemex launched the Deer Park tie-up with Shell 28 years ago, transferring expertise was one of the main objectives, said two former Pemex specialists who worked on the venture.