December 14, 2018 |
The Mexican government does not need financing to build a planned $8bn refinery, but it might have to get loans to increase energy investments to $100bn per year, LatinFinance has heard.
"The new refinery and upgrades to six others will be financed with the federal budget," said Ramsés Pech, an energy consultant at Caraiva y Asociados.
The administration of President Andrés Manuel López Obrador will spend $2.5bn to $3bn per year to build the new refinery in the state of Tabasco and increase outp
AMLO administration will fund the $8bn project with the federal budget but it may have to get loans for later investments