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Lopez Obrador makes official possession of Deer Park refinery

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Lopez Obrador makes official possession of Deer Park refinery

Mexico, Jan 21 (Prensa Latina) The President of Mexico, Andres Manuel Lopez Obrador, made official on Friday the possession of the Deer Park, Texas refinery, which he described as transcendental in a plan to process all the oil that this country extracts.
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In his morning press conference at the National Palace, the President referred to the capabilities of the new factory, which was previously dominated by the transnational Shell, with control of 50.01% of the shares, which are now Mexican.

In this way, he explained, Mexico is in a position to produce all the fuel it consumes and become an exporter, for which it will fully process 1,8 billion barrels of crude oil per day.

The strategy that this country is applying, he recalled, is to eliminate dependence on the international market and use the crude oil that it extracts fundamentally in shallow waters and on land, in the production of gasoline, diesel and other fuels that it currently has to import.

The President explained that in order to achieve these goals, the Dos Bocas refinery is being built, the largest and most modern refinery in the world at this time, and five others are being rehabilitated, which will enable this nation to be self-sufficient in a relatively short time and become an exporter.

Lopez Obrador referred to the reasons for the electricity reform promoted by his administration and what is being done to solve serious problems inherited from previous governments, during which corruption and private businesses that affected the public treasury and the people prevailed.

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