Tesoro Corporation has signed a deal with Pemex for terminaling and transportation services in Mexico.
The company, which will become Andeavor on August 1, will supply transportation fuels in the Mexican states of Sonora and Baja California.
Tesoro was awarded capacity on the Pemex oil products pipeline and storage terminals earlier in July. The final agreement with Pemex has now been signed and Tesoro will soon begin to move products in the country through this deal.
Greg Goff, chairman, president and CEO, says: 'The expansion of our strategic footprint to include Northern Mexico strengthens our integrated value chain with significant growth opportunities for our marketing business.
'We are excited about Mexico and the opportunity to create value for the company, customers, business partners and communities.'
Storage for Mexico's new energy eraVenezuela's oil sector in tailspin A midstream first for Oman Redrawing the global oil & gas picture Regulatory update for US tank terminal operators A new leading European port Adaptable logistics for a changing market Boom time for storage in America Surviving hurricane season: preperation is key Storm preparation: flood risk and buoyancy hazards