Pemex to Supply Isthmus Crude to Japan

Instant Max AI

(Pemex, 24Jul.2015) – Pemex, through P.M.I. Comercio Internacional (PMI), and the largest refining company in Japan, JX Nippon Oil & Energy Corporation, agreed to ship 6 MMbbls of Isthmus crude oil through 6 cargoes beginning in Aug.2015 and until Jan.2016, from the Salina Cruz maritime terminal located in the state of Oaxaca.

The contract is additional to the occasional cargoes shipped during the 1H:15 for an approximate volume of 4 MMbbls to JX Nippon, which has a total refining capacity of 1.3 MMb/d in its 7 refineries located in Sendai, Kashima, Negishi, Osaka, Mizushima, Marifu and Oita.

These operations contribute to the consolidation of Mexico as an important oil supplier in the Far East, region with the highest growth globally, where Pemex provides alternative sources of supply through contracts with refiners in China (Unipec/ Sinopec) and South Korea (Hyundai).

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