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Mexico: Monterra Energy Proposes To Build Fuel Storage Terminal

The jet fuel pipeline and fuel storage terminal is to be built for an estimated $600 million

 

As international companies pile into the newly opened fuel retail market, KKR & Co.-backed Monterra Energy plans to build a fuel storage terminal in the central Mexican state of Puebla

Monterra Energy’s plans to build a fuel, diesel and jet fuel pipeline and fuel storage terminal for an estimated $600 million that is due to be operational very soon, has been approved by Mexico’s energy regulatory commission. The regulatory commission has informed that no additional permits had been requested by the company.The pipeline has capacity of 165,000 barrels a day.

Among a number of private companies that are looking to move into the fuel sector, Monterra Energy, has a joint venture with U.S. private equity firm KKR to develop fuel infrastructure in Mexico.

With the aim of supplying about half of Puebla’s fuel stations, which totals more than 500, the new fuel terminal could help amendshortages of fuel resulting from extensivefuel theft on Pemex pipelines. Source: Bloomberg PWKD17072017

Last modified onSunday, 16 July 2017 15:44
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