Mexico to build refinery without banks

Mexico to build refinery without banks

Loans Project & Infrastructure Finance Debt Economy & Policy Energy Gas Mexico

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

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