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Terminal News

Pemex increases oil storage capacity

Petróleos Mexicanos has signed a contract with Olstor Services to increase its oil product storage capacity.

The contract is the first of its kind to be formalise with a private enterprise by Pemex. The deal gives Pemex Transformación Industrial greater flexibility and reliability for the supply of fuel and other oil products to cover the demand of its clients in the Bajío region of Mexico.

The company says that this contract represents how the tools provided by the new legal environment and regulatory framework from the country's energy reforms are being actively used.

'This allows the company to develop a new oil product storage infrastructure with third-party involvement to further improve and strengthen the country's energy supply,' it says.