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Nation's Gasoline Target In Question With Key Refinery 40% Over Budget

MEXICO
  • Mexico’s mega-refinery project Dos Bocas is expected to cost 40% more than previously estimated and is unlikely to be completed by the government’s 2022 deadline, casting serious doubts on whether the country can soon fulfill its goal to produce all of its own gasoline. (Bloomberg)
    • The facility is crucial to Pemex’s plans to halt crude oil exports in 2023 as part of President AMLO's nationalist goal of self-sufficiency in fuel consumption.

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