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News Article

Deer Park Refinery/Energy Talks

By Sofía Hanna | Fri, 01/21/2022 - 12:44

Deer Park refinery. President Andrés Manuel López Obrador said that he is very grateful to Shell Oil Company for having sold the Deer Park refinery in Houston, Texas, to Mexico’s PEMEX. "Yesterday, what was due was paid and Mexico is now the owner of the Deer Park refinery. As of yesterday, that refinery belongs to the Mexican nation, and it is very good news because it was a very good operation; you will be able to verify it. Thank you to Shell because when the purchase and sale agreement was carried out, the oil price was low. However, the price was supported by the conditions." PEMEX purchased Shell’s 50 percent stake in the refinery for US$596 million. Shell Oil Company is a subsidiary of Royal Dutch Shell.

 

Regularization of 'chocolate' cars. The owners of “chocolate” cars that are more than 5 years old in Durango, Nayarit and Michoacan will be able to regularize the vehicles starting today, paying a fee of MX$2,500 (US$24.45), Minister of Security Rosa Icela Rodriguez said. "With this determination, we will make visible the invisible; that the owner is clear, with a face, name and address, as is the case with all vehicles in the country. With this, legal certainty of assets and security is given to the population. We addressed the issue of security but also the lack of legal certainty for many families who buy these vehicles to get home from work or school," she said.

 

Dialogue with the US Secretary of Energy. López Obrador said that a meeting with US Energy Secretary Jennifer Granholm was very cordial. "We informed her of the reason for the Electricity Reform and of what we are doing to straighten out wrongs, solving serious problems that they inherited from us, explaining how corruption prevailed in everything, that the public Treasury was affected by private businesses and, of course, that the people were affected, always for the benefit of a minority." Granholm met Thursday afternoon with López Obrador at the National Palace to explore ways to advance a bilateral clean energy agenda. 

 

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Click HERE for full transcript in Spanish

The data used in this article was sourced from:  
Gobierno de México
Photo by:   GOBMEX
Sofía Hanna Sofía Hanna Journalist and Industry Analyst