According to The Wall Street Journal, American private equity firm First Reserve Corp. signed an agreement with Mexican state oil company Petróleos Mexicanos (PEMEX) to jointly invest $1 billion in energy projects, taking advantage of the recent opening of the country’s energy industry, the companies officially announced on Tuesday April 7th, 2015.
The projects include First Reserve’s recent investment, along with BlackRock Inc., for a 45% stake in Pemex’s “Los Ramones II” natural gas pipeline project.
The cooperation agreement aims to develop energy infrastructure, transportation and processing projects.
Last month, First Reserve and BlackRock Inc took a joint stake worth about US$900 million in the second phase of Mexican pipeline project “Los Ramones”.
The cooperation agreement worth up to US$1 billion to develop energy infrastructure, transportation and processing project.
Pemex said the agreement will give the state company access to financing and the exchange of technical and operational experience. Areas for investment include infrastructure, maritime transport and power cogeneration.
more recommended stories
OPINION: AMLO will fight the drug war in a different way
Phillip Smith is a writer, author.
Top 10 things you should know about NABCO Ghana
While NABCO is still a new.
Mérida City Council will take “vulnerable social groups” representatives to visit Logos Hope
MÉRIDA, Yuc.- The City Council of.
Four deaths in Yucatán due to Influenza: State Health Secretariat
After days of waiting to have.
Mexico opposes U.S. plan to make it take asylum seekers -document, source
MEXICO CITY, July 12 (Reuters) –.
Mexican scientists develop fetal monitoring device
Specialists from the Center for Industrial.
800,000 tourists are expected to visit Yucatan this summer
“During this summer holiday season it.
Yucatecan guayabera will be present at the Central American and Caribbean Games of Barranquilla 2018
The president of the National Chamber.
Mérida teen electrocuted by cell phone charger cable
A 15-year-old girl died after she.
One&Only Palmilla a state-of-the-art beach resort by the Sea of Cortez
The One&Only Palmilla sits by the.