Refining company Phillips 66 was awarded a tender to supply Mexico’s Pemex with at least four 350,000-barrel cargoes of U.S. Bakken crude for November delivery, the refining company said on Monday.
The purchase, which will be the state-run company’s first crude import in over a decade, was requested last week to cover needed oil supply for Pemex’s 330,000-barrel per day Salina Cruz refinery amid Mexico’s falling production of light grades.
A previous attempt by Pemex to import U.S. Light Louisiana Sweet (LLS) crude failed in early October due to . . .
