The proposed venture would help meet the growing demand in Mexico for liquefied petroleum gases and refined products, Pemex said in a statement.
Although NuStar and PMI, Pemex's oil trading arm, have previously partnered to ship propane into Mexico, this proposed deal would be the first joint venture between the two companies and would give PMI access to various LPG and refined product suppliers on the U.S. Gulf Coast.
Because the agreement involves pipeline transport, it would reduce the cross-border flow of petroleum products via truck and thus result in "more efficient, clean and reliable" shipment of . . .
