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Newest Texas Refineries Plan to Turn Shale Into Fuel for Mexico

Bloomberg, March 29, 2017

Raven Petroleum LLC and MMEX Resources Inc. are building refineries in the Eagle Ford and Permian Basin in Texas that will process ample local supplies of light crude into gasoline and diesel. The fuel will then be shipped on existing rail lines across the border to Mexico, where the government has opened the market to foreign competition, attracting companies including BP Plc and Glencore Plc. Mexico’s gasoline demand is outpacing local supply, forcing the nation to increase imports. U.S. shale drillers are happy to oblige.

Click here to read the full article from Bloomberg.


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