May 21, 2019 |
Mexico's Monterra Energy and the US port terminal operator SSA Marine are looking for a loan for roughly $170m to finance construction of a refined fuels terminal in Tuxpan, Veracruz, LatinFinance has heard.
Terminal Internacional de Fluidos de Tuxpan (TIFT), as the joint venture is called, is structuring a deal with a few lenders that are expected to participate in a club deal, a source said.
The French oil company Total signed a deal in February to be TIFT's largest customer, while Spain's R
Monterra-SSA JV wants $170m to build a new refined fuels terminal in Mexico