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Pemex signs oil storage contract

Published by , Assistant Editor
Tanks and Terminals,

Petróleos Mexicanos has signed a contract with the domestic company Olstor Services to increase its oil product storage capacity.

With this contract, which is the first of its kind to be formalised with a private enterprise, Pemex Transformación Industrial has gained a greater flexibility and reliability for the supply of fuel and other oil products to cover the demand of its clients in the Bajío region.

This is one way the tools provided by the new legal environment and regulatory framework of the Energy Reform are being actively used, allowing the company to develop a new oil product storage infrastructure with third-party involvement to further improve and strengthen the country’s energy supply. This helps the state-owned productive company to maintain its leading objective of increasing its profitability, as established in its business plan.

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