Pemex signs oil storage contract

Petróleos Mexicanos (Pemex) has signed a contract with the domestic company Olstor Services to increase its oil product storage capacity.

This contract is the first of its kind to be formalized with a private enterprise. Pemex Transformación Industrial has gained a greater flexibility and reliability for the supply of fuel and other oil products to cover the demand of its clients in the Bajío region.

This is one way the tools provided by the new legal environment and regulatory framework of the Energy Reform are being actively used, allowing the company to develop a new oil product storage infrastructure with third-party involvement to further improve and strengthen the country’s energy supply. 

Image courtesy PEMEX
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