Energy
Valero Sees Mexican Fuel Demand Growing Despite Dos Bocas Boost
- US refiner says country facing 500,000 barrel per day deficit
- Imports ‘always going to be a need,’ top local executive says
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Valero Energy Corp. expects fuel demand to grow in Mexico, even with the flagship Dos Bocas refinery set to ramp up domestic production and the presidential frontrunner proposing a shift to more green energy.
The Texas-based refiner’s Mexican subsidiary sees opportunity in exporting more fuel into the domestic market because the country cannot meet demand with local refining capacity alone, according to the company’s top local executive.