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Dos Bocas tender terms to be published soon

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Dos Bocas tender terms to be published soon

The terms of the tender for Mexico's Dos Bocas refinery will be announced March 18, President Andrés Manuel López Obrador said during his morning press conference.

Daily El Financiero reported the refinery would cost between US$6bn and US$8bn and take three years to build.

The president's announcement comes after deputy finance minister Arturo Herrera told the Financial Times that Dos Bocas would be delayed to free up resources for boosting Pemex's production.

Herrera, however, contradicted energy minister Rocío Nahle, who said the refinery would go ahead.

The president now seems to have resolved the contradiction.

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