You are here

Pemex pumps USD 2.5bn into Los Ramones pipeline project

12th September 2014

Pemex revealed at an event yesterday that it intends to spend around USD 5.5bn on expanding the country’s natural gas pipeline network and to improve the quality of its downstream output

Pemex pumps USD 2.5bn into Los Ramones pipeline project
The state owned company also intends to spend around USD 2.8bn on upgrading its six refineries to produce cleaner, lower sulphur, diesel to meet domestic demand and international standards

Pemex intends to spend around USD 2.5bn on the second phase of the Los Ramones pipeline that will import natural gas from the US and satisfy the country’s growing demand.

Phase II of the Los Ramones will provide the country with an additional 1,430 million cubic feet per day.

This phase of the project will have a length of 741 kilometres on a 42-inch pipeline that will cross the states of Nuevo Leon, Tamaulipas, San Luis Potosi, Queretaro and Guanajuato.

The state owned company also intends to spend around USD 2.8bn on upgrading its six refineries to produce cleaner, lower sulphur, diesel to meet domestic demand and international standards.

The event yesterday was attended by Mexican energy minister, Pedro Joaquín Coldwell, the minister for environment and natural resources, Juan Jose Guerra Abud, and Pemex director-general, Emilio Lozoya Austin.

Lozoya announced that these projects are clear evidence that the nation’s recent energy reforms will allow the company to realised its two main objectives; strengthening Pemex and promoting investment in infrastructure to boost growth.

The company is also investing nearly USD 200m on a fertiliser plant to produce one million tonnes of urea a year.

Got a news tip? Email news@oilandgastechnology.net