Mexico rail companies could see US oil shipments

Wednesday, September 28, 2016

Companies authorized by the Mexican government to import oil products from the United States are looking to bring heavy volume shipments by rail, according to a report from daily El Universal.

The newspaper cited industry sources in reporting that Kansas City Southern de México, Ferromex, Ferrosur, Línea Coahuila Durango and Ferrocarril del Istmo de Tehuantepec are awaiting deals from importing companies.

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These five companies have permits from Mexico's energy regulator CRE to transport petroleum products through non-pipeline means of transportation. The importers will eventually build pipelines to bring the oil into Mexico.

Mexico's 2014 energy reform allowed for the import of petroleum products by private companies. The energy ministry has been issuing the permits to import these products since January 1, 2015.