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Mexican Oil Monopoly to Begin $1.7 Billion Refinery Reconfiguration Project.
By Brendan M. Case, The Dallas Morning News Knight Ridder/Tribune Business News
May 13--MEXICO CITY--State-owned oil monopoly Petroleos Mexicanos will launch the reconfiguration of a major refinery complex this month, embarking on the "single largest infrastructure project" of President Vicente Fox's six-year term, officials said Monday.
The $1.65 billion plan calls for nearly doubling the capacity of the "Gen. Lazaro Cardenas" refinery in Minatitlan, a Gulf Coast town in the state of Veracruz. Petroleos Mexicanos, or Pemex, controls all oil exploration, production and refining south of the border, as well as gasoline sales.
The …
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News wire article from: Knight Ridder/Tribune News Service
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