Repsol Downstream Mexico has secured more than 750,000 barrels of storage capacity in three different fuel storage terminals in Mexico.
The move is part of the company's plans to grow its downstream business and develop its own downstream logistical network in the country.
Repsol reached an agreement with Hydrocarbon Storage Terminal, an affiliate CLH, to participate in the facility's fuels terminal project in Mexico, securing 160,000 barrels of storage capacity.
Repsol also reached an agreement with Mexican company Tuxpan Port Terminal and with an affiliate of Monterra Energy to participate in Tuxpan Port's fuels maritime terminal project in Veracruz, securing 450,000 barrels of storage capacity.
Additionally, Repsol has reached an agreement with Olstor Services, an affiliate of the Akron group, to participate in Olstor's fuels terminal project in Jalisco, securing 150,000 barrels of storage capacity. These terminals are expected to be in operation by 2020.
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