US oil companies rush to Mexican markets
03/12/2017 12:00 AM
US oil companies and oil service companies rush to Mexico's newly liberalized markets, with Mexico ending a government-mandated fuel pricing policy in the central regions
On the US-Mexico border, many trucks and trains, from Texas oil refineries, are heading south to Mexico's fuel supply stations, according to a
local media report .
Meanwhile, the number of foreign companies planning to invest in port terminals, fuel storage facilities and other logistics infrastructure in Mexico is increasing, with the aim of competing with Mexican state-owned Mexican oil company Mexicanos, the main seller and distributor of fuel in Mexico.
Among the international companies seeking to invest in Mexico are Chevron Corporation, Royal Dutch Shell, and Petrol Petrolium, which aspire to participate in investments in service stations in Mexico as well as to import oil from them.
On Thursday, Mexico's energy regulator announced the end of work at state prices for fuel in the remaining central and southern
parts of the country.
After years of preparation, Mexico ended the liberalization of gasoline and diesel prices throughout the country.[/rtl]