Pemex plans to buy Monterra Energy fuel storage terminal for $320 million


Share on social networks

inspenet - 1828

Inspenet, May 18, 2023

Petróleos Mexicanos (Pemex) is in talks to buy KKR & Co’s Monterra Energy fuel storage terminal in Tuxpan, Veracruz.

According to several reports, citing the Bloomberg agency, Pemex plans to pay 320 million dollars for the fuel storage terminal.

La plataforma de produccion flotante Northern Producer fue demolida
Un chofer humanoide se apodera del volante de un
TerraPower construye una planta de reactores nucleares
El robot Eve ahora obedece comandos de voz
En China estan fabricando robots con expresiones faciales
Floating production platform Northern Producer successfully demolished
A humanoid driver takes over the steering wheel of a robotaxi
Bill Gates and TerraPower build nuclear reactor plant in the U.S.
Eve robot now obeys voice commands
China is making robots that perform facial movements
previous arrowprevious arrow
next arrownext arrow

1828 Pemex shutterstock interna

Pemex would expand its storage capacity with this purchase

The fuel storage terminal has a storage capacity of 2.2 million barrels. However, the energy infrastructure has faced problems to operate consistently, due to differences with Mexican regulatory authorities.

Previously, Arturo Vivar, CEO of Monterra, asserted that they are in a position to continue supporting Mexico’s energy security. “We have done more than could be expected to cooperatively resolve this matter. In order to continue supporting the economy and energy security of Mexico and to provide well-paid jobs”, he highlighted.

Regulators closed the terminal for nearly a year after a surprise inspection in 2021. At that time, Monterra Energy claimed to be unaware of the reason for the closure of its terminal in Tuxpan, since, it stated, it has complied with all the regulations of the Secretary of Energy (SENER), for which it sued the Mexican state for violation of the Treaty Free Trade International known as T-MEC.

Houston-based Monterra Energy was founded by KKR to invest in Mexico’s fuel sector following energy reforms in 2013 and 2014 that opened up the sector to private capital.

Source :

Photo : Editorial credit: Eve Orea /

Don’t miss the Inspenet News at:

Share this news on your social networks

Rate this post
1 star2 stars3 stars4 stars5 stars (No rating yet)
loading spinnerLoading...