The final cost of the project could be as high as US$12bn, according to the Sener ministry. Olmeca will be the biggest refinery in Mexico, with capacity to process 340,000 barrels per day of crude oil. The megaproject is key for the strategy of Pemex’s refining unit and for the government’s plan to halt Mexican crude exports.
Project
Construction reportedly slows at Mexico’s Olmeca refinery project as suppliers await payments
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