Mexico presses ahead with multibillion-dollar bet on fossil fuels

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Pemex, the state-owned oil and gas company, formally declared its vast Dos Bocas refinery in the country’s south-east open on Friday.

The project — officially named Refinería Olmeca, but commonly known as Dos Bocas after its coastal location in López Obrador’s home state of Tabasco — has proven controversial.

Many energy groups have been closing refineries in recent years as they attempt to manage the transition to greener forms of energy — but Mexico is making a multibillion-dollar bet the other way.

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Article Details

Author / Journalist: David Agren

Category: MarketsFinanceInvesting

Topics: Energy Been Mexico Bocas Pemex Project Refineries Refinery

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 19:13:13

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 5 minutes read

Article Length: 743 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 25919

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