{"id":8211,"date":"2017-08-14T12:19:58","date_gmt":"2017-08-14T17:19:58","guid":{"rendered":"http:\/\/nrgibroker.com\/?p=8211"},"modified":"2017-08-14T12:19:58","modified_gmt":"2017-08-14T17:19:58","slug":"grupo-mexico-sees-growth-in-oil-by-rail-terminals-cfo","status":"publish","type":"post","link":"https:\/\/nrgibroker.com\/en\/grupo-mexico-sees-growth-in-oil-by-rail-terminals-cfo\/","title":{"rendered":"Grupo Mexico sees growth in oil-by-rail, terminals: CFO"},"content":{"rendered":"<h4><span style=\"font-size: 8pt; font-family: Helvetica;\"><a href=\"https:\/\/www.reuters.com\/article\/us-latam-summit-grupomexico-idUSKBN1AP04X\">From Reuters <\/a>\/ By <a href=\"https:\/\/www.reuters.com\/journalists\/noe-torres\">Noe Torres<\/a> and <a href=\"https:\/\/www.reuters.com\/journalists\/marianna-parraga\">Marianna Parraga<\/a>\u00a0\/ <a href=\"https:\/\/www.reuters.com\/article\/us-latam-summit-grupomexico-idUSKBN1AP04X\">August 8, 2017.<\/a><\/span><\/h4>\n<h4 data-reactid=\"40\"><span style=\"font-size: 12pt; font-family: Helvetica;\">&#8220;Mexico&#8217;s mining and infrastructure firm Grupo Mexico expects to expand its oil-by-rail business by building at least three terminals in Mexico, including one exclusively for U.S. refiner Valero Energy, its chief financial officer told Reuters on Tuesday.&#8221;<\/span><\/h4>\n<h4 data-reactid=\"41\"><span style=\"font-size: 12pt; font-family: Helvetica;\">&#8220;Grupo Mexico has been in talks with importers of refined products into Mexico, said Xavier Garcia de Quevedo. Fuel purchases from the United States are a growing business as the Latin American country&#8217;s demand for imported products keeps increasing.&#8221;<\/span><\/h4>\n<h4 data-reactid=\"42\"><span style=\"font-size: 12pt; font-family: Helvetica;\">&#8220;Earlier this month Valero announced that it had signed a long-term agreement with the company to transport fuels by rail from Veracruz to inland terminals in Mexico.&#8221;<\/span><\/h4>\n<h4 data-reactid=\"43\"><span style=\"font-size: 12pt; font-family: Helvetica;\">&#8220;&#8221;Our interest is to build and operate the terminals, to offer rail services and (access to) the terminals,&#8221; Garcia de Quevedo said.&#8221;<\/span><\/h4>\n<h4 data-reactid=\"44\"><span style=\"font-size: 12pt; font-family: Helvetica;\">&#8220;He mentioned Torreon, Chihuahua, Mazatlan, Manzanillo and Guadalajara as potential locations for the new terminals.&#8221;<\/span><\/h4>\n<h4 data-reactid=\"45\"><span style=\"font-size: 12pt; font-family: Helvetica;\">&#8220;Grupo Mexico, which operates rail lines in Texas and Florida and has a drilling company called Pemsa that has worked for state-run oil company Pemex, is also considering participating in coming oil auctions in Mexico, especially in shallow water areas.&#8221;<\/span><\/h4>\n<h4 data-reactid=\"46\"><span style=\"font-size: 12pt; font-family: Helvetica;\">&#8220;Garcia de Quevedo said the company expects to increase about 40 percent its metal melting capacity in Peru, after the government changed an environmental rule for these activities.&#8221;<\/span><\/h4>\n<h4 data-reactid=\"48\"><span style=\"font-size: 12pt; font-family: Helvetica;\">&#8220;Grupo Mexico plans to start production at Los Chancas mining project in Peru, with expected capacity of 90,000 tonnes of copper, in late 2021, he said.&#8221;<\/span><\/h4>\n<h4><span style=\"font-size: 12pt; font-family: Helvetica;\">&#8220;Garcia de Quevedo was interviewed at the Reuters Latin America Investment Summit.&#8221;<\/span><\/h4>\n<div id=\"attachment_8212\" style=\"width: 610px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8212\" class=\"wp-image-8212 size-full\" src=\"https:\/\/nrgibroker.com\/wp-content\/uploads\/2017\/08\/4.png\" alt=\"Ferrocarril\" width=\"600\" height=\"400\" srcset=\"https:\/\/nrgibroker.com\/wp-content\/uploads\/2017\/08\/4.png 600w, https:\/\/nrgibroker.com\/wp-content\/uploads\/2017\/08\/4-300x200.png 300w, https:\/\/nrgibroker.com\/wp-content\/uploads\/2017\/08\/4-450x300.png 450w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><p id=\"caption-attachment-8212\" class=\"wp-caption-text\">Ferrocarril<\/p><\/div>\n<h4><span style=\"font-size: 8pt; font-family: Helvetica;\"><a href=\"https:\/\/www.reuters.com\/article\/us-latam-summit-grupomexico-idUSKBN1AP04X\">From Reuters <\/a>\/ By <a href=\"https:\/\/www.reuters.com\/journalists\/noe-torres\">Noe Torres<\/a> and <a href=\"https:\/\/www.reuters.com\/journalists\/marianna-parraga\">Marianna Parraga<\/a>\u00a0\/ <a href=\"https:\/\/www.reuters.com\/article\/us-latam-summit-grupomexico-idUSKBN1AP04X\">August 8, 2017.<\/a><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>From Reuters \/ By Noe Torres and Marianna Parraga\u00a0\/ August 8, 2017. &#8220;Mexico&#8217;s mining and infrastructure firm Grupo Mexico expects to expand its oil-by-rail business by building at least three terminals in Mexico, including one exclusively for U.S. refiner Valero Energy, its chief financial officer told Reuters on Tuesday.&#8221; &#8220;Grupo Mexico has been in talks [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8212,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1017],"tags":[],"class_list":["post-8211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts\/8211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/comments?post=8211"}],"version-history":[{"count":0,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts\/8211\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/media\/8212"}],"wp:attachment":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/media?parent=8211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/categories?post=8211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/tags?post=8211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}