July 11, 2019 - mrt.com -
MMEX Resources continues to advance its plans for a crude oil refinery complex near Fort Stockton in Pecos County.
The company has just announced the completion of agreements to sell all of the refined products that will come from the new refinery. MMEX has signed an agreement to sell its planned naphtha production to a supermajor international energy and trading company for delivery by rail to the Texas Gulf Coast refinery and petrochemical markets.
Earlier agreements were reached for the sale of the diesel and residual fuel oil to be produced at the refinery. Last year, Pilot Thomas Logistics agreed to purchase the diesel fuel production. In late May, MMEX announced an agreement with a supermajor international energy and trading company to purchase its IMO 2020-compliant marine fuel. The International Maritime Organization will begin implementing next year a new regulation sharply capping the sulphur in marine fuels. Also at the end of May, MMEX signed an agreement with an international firm to provide logistics to move its future production to the Gulf Coast by rail.
Read more: https://www.mrt.com/business/oil/article/MMEX-completes-deals-to-sell-all-products-from-14089467.php
Editor's note: Once in operation the refinery would be strategically situated along the state-owned South Orient Railroad (operated under contract by Texas Pacifico). The South Orient interconnects to the Dallas-Fort Worth area through Fort Worth Western Railroad and at Alpine, Texas to the Texas Gulf Coast via Union Pacific Railroad. The South Orient will also interchange with Mexico railroads at the Rio Grande river crossing in Presidio, Texas once that river crossing is reconstructed.
MMEX Resources continues to advance its plans for a crude oil refinery complex near Fort Stockton in Pecos County.
The company has just announced the completion of agreements to sell all of the refined products that will come from the new refinery. MMEX has signed an agreement to sell its planned naphtha production to a supermajor international energy and trading company for delivery by rail to the Texas Gulf Coast refinery and petrochemical markets.
Earlier agreements were reached for the sale of the diesel and residual fuel oil to be produced at the refinery. Last year, Pilot Thomas Logistics agreed to purchase the diesel fuel production. In late May, MMEX announced an agreement with a supermajor international energy and trading company to purchase its IMO 2020-compliant marine fuel. The International Maritime Organization will begin implementing next year a new regulation sharply capping the sulphur in marine fuels. Also at the end of May, MMEX signed an agreement with an international firm to provide logistics to move its future production to the Gulf Coast by rail.
Read more: https://www.mrt.com/business/oil/article/MMEX-completes-deals-to-sell-all-products-from-14089467.php
Editor's note: Once in operation the refinery would be strategically situated along the state-owned South Orient Railroad (operated under contract by Texas Pacifico). The South Orient interconnects to the Dallas-Fort Worth area through Fort Worth Western Railroad and at Alpine, Texas to the Texas Gulf Coast via Union Pacific Railroad. The South Orient will also interchange with Mexico railroads at the Rio Grande river crossing in Presidio, Texas once that river crossing is reconstructed.