Pemex to acquire interest in Shell Texas refinery

Journal Article · Mon Aug 31 00:00:00 EDT 1992 · Oil and Gas Journal; (United States)

OSTI ID:7249390

This paper reports that Petroleos Mexicanos and Shell Oil Co. have signed a memorandum of understanding to form a joint refining venture involving Shell's 225,000 b/d Deer Park, Tex., refinery. Under the agreement, Mexico's state owned oil company is to purchase a 50% interest in the refinery, and Shell is to sell Pemex unleaded gasoline on a long term basis. Under the venture, Shell and Pemex plan to add undisclosed conversion and upgrading units tailored to process heavy Mexican crude. The revamp will allow Pemex to place more than 100,000 b/d of Mayan heavy crude on the U.S. market. Mayan accounts for 70% of Mexico's crude oil exports. In turn, Shell will sell Pemex as much as 45,000 b/d of unleaded gasoline to help meet Mexico's rapidly growing demand.

• OSTI ID: 7249390
• Journal Information: Oil and Gas Journal; (United States), Vol. 90:35; ISSN 0030-1388
• Country of Publication: United States
• Language: English

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02 PETROLEUM
GASOLINE
CHEMICAL COMPOSITION
PETROLEUM PRODUCTS
EXPORTS
PETROLEUM REFINERIES
GOVERNMENT POLICIES
POLLUTION REGULATIONS
TEXAS
US CLEAN AIR ACT
ENVIRONMENTAL POLICY
MARKET
MEXICO
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
FEDERAL REGION VI
FUELS
INDUSTRIAL PLANTS
LATIN AMERICA
LAWS
LIQUID FUELS
NORTH AMERICA
POLLUTION LAWS
REGULATIONS
TRADE
USA
020700* - Petroleum- Economics
Industrial
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023000 - Petroleum- Properties & Composition
020400 - Petroleum- Processing
020900 - Petroleum- Environmental Aspects