AMLO's administration wants to invest MX$49 billion to modernize the existing refinery network. CRE has approved 24 new storage projects and is revising another nine; and PEMEX will revamp its existing terminals and even build new ones. These efforts have one strategic goal: bolster fuel reserves up to five days. Finally, Mexico’s retail sector has over 45 new retail brands which operate 11,992 service stations as of 1H18. The game is afoot in refining, storage and retail as the segment primes for growth.
Refining, Storage & Retail
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