Related Articles
Shell's Deer Park refinery
Forward article link
Share PDF with colleagues

Warning signs for Pemex refinery deal

Political downstream agenda and company track record cause unease over Texas refinery purchase

The $596mn acquisition of Shell’s Texas Deer Park refinery by Mexican NOC Pemex is facing increased political hostility in the US after Republican Congressman Brian Babin filed a letter of complaint to Secretary of Energy Jennifer Granholm calling on the deal to be annulled.  Babin expressed concerns with the firm’s lack of operational expertise and highlighted potential security risks associated with a foreign state-owned business holding strategic control of US assets. If finalised, Pemex would take a 100pc stake in the refinery, giving the company access to 340,000bl/d in downstream processing capacity. None of Pemex’s six existing Mexican refineries has the operational complexity of De



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Trinidad scrambles to prevent gas nosedive
17 September 2021
The country’s production has been freefalling for years, but expected startups will not be enough to avert further long-term losses
Nigerian reforms leave lingering doubts
16 September 2021
Questions remain over some specifics of the recently passed Petroleum Industry Bill and whether the reforms will be enough to jumpstart the country’s stalled upstream
Tullow-led joint venture reveals revised Kenya plans
16 September 2021
Kenya’s ambitions to become a crude exporter might be back on track, as Tullow and partners have revised their Turkana plans
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video