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RE: Pemex Seeks Buy `Significant' U.S. Refining Asset 2011

Home Forums Coking News: DCU, Upgrader 1.Coker (registered users only) Pemex Seeks Buy `Significant’ U.S. Refining Asset 2011 RE: Pemex Seeks Buy `Significant' U.S. Refining Asset 2011

#5215

Charles Randall
Participant

This should be slam dunk to arrange Several JV’s with Majors like BP, Shell, COP & MAP trying to sell (unsuccessfully) refineries like Texas City, LA & Cherry Point & ect.  And you have folks trying to buy on sidelines like previous article pointed out : PBF, Koch (not purchased refinery since 1988) & Brazil who could lock in the Refinery @ 20% value in outright sale. 
 
Could always add in great facilitator like Kinder Morgan who has MLP (Master Limited Partnership) access to cheap cash & wide range refinery operating roles.
 
Unfortunately Pemex isn’t going be good choice to drive this opportunity since it takes them weeks just to decide to decide on something. Better if one other potential players are driver & Pemex just signs up for “halfies” & possibly some crude supply.

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