This is your 1 News posts out of 3 that you are entitled to as a guest.

Please sign up for one of our PREMIUM SUBSCRIPTIONS to continue your access to Global Energy Infrastructure.

IMF recommends that Pemex postpones new refinery construction

10/8/2020

The International Monetary Fund (IMF) has recommended that construction of the Dos Bocas oil refinery on the Tabasco coast be postponed.

After an official visit to Mexico, the IMF said that Pemex's current business strategy that includes the $8 billion Dos Bocas oil refinery, is “crowding out resources for essential spending.” The IMF has advised Pemex to focus production in profitable fields, and this refinery plan has been criticized previously for taking funds away from the more profitable exploration industry.