Pemex Needs New Oil Mouths to Feed as Paraiso Port Expansion Prepared — Panjiva


Pemex Needs New Oil Mouths to Feed as Paraiso Port Expansion Prepared

Corp - Ports 661 Energy - Conventional 272 Energy - Crude Oil 194 Mexico 505 Mode - Seaborne 1273

The Dos Bocas Port Authority in Paraiso, Mexico is planning a new oil terminal to support new offshore oil fields. One complication in the tender, due to be announced October, could come from a review of the outgoing government’s energy reforms. The port’s existing facilities already accounted for 46% of Mexico’s oil exports in the 12 months to May 31 after expanding 46% in the past three months. With 51% of exports currently heading to the U.S., which itself is increasingly an oil exporter, the success of the new port will be contingent on Pemex’s ability to find new customers for its o...

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