Forum Discussion
briansue
Jan 15, 2017Explorer
Will these new gas station brands get their products thru the same distribution system as the Pemex brand. In other words will Pemex still control the wholesale end?
From what I have read Pemex will still be the only transport method within Mexico but the stations will be independent of Pemex. One US company I read about was Gulf that plans to ship to Mexico - probably by ship - and sell in stations around Mexico City at first. So they would probably be buying fuel in the US and then putting it on ships to go to Mexico - assuming around Houston to around Veracruz. Then Pemex trucks (maybe trains?) take it to Gulf stations in Mexico City. Pure speculation on my part based on what I read. It will be interesting to see how Mexico taxes these imports. Other brand name fuel sellers from around the world are considering opening stations in Mexico. Existing Pemex stations in Mexico may change their brand names to use fuel brought in by the parent company. Time will tell how this all shakes out.
At this time it seems a good percent of fuel sold in Mexico does come from the US - last I read was 800,000 barrels per day. Pemex refineries in Mexico have fallen way behind and are supposedly in the process of modernizing. Reports say investment money has been paid to refinery construction companies from around the world who are supposedly working on the Pemex refineries but it is hard to say what is actually happening and when work might be completed.
New natural gas pipelines in the US and in Mexico are moving huge quantities of natural gas to electric power plants in Mexico. Mexico buys huge amounts of goods and services from the US spending billions due to NAFTA.
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