Pemex in Talks to Buy Refining Capacity in U.S., Reforma Says

Petroleos Mexicanos is in talks with Valero Energy Corp. and five other companies as it seeks to buy refining capacity in the U.S., Reforma reported, citing Chief Executive Officer Juan Jose Suarez Coppel.

Pemex is also considering creating a venture to form alliances with private companies through performance-based production contracts for mature oil fields, Reforma said, citing the executive.

To contact the reporter on this story: Paul Tobin in Madrid at ptobin@bloomberg.net

To contact the editor responsible for this story: Tim Quinson at tquinson@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.