Mexico to hire consultant on oil project
Mexico and nine other countries mostly from Central America will choose by Jan. 20 a firm to help them study the best location for a regional oil refinery, said Mexico´s Energy Secretary at a news conference.
Presidents from the group of countries, which include Colombia and the Dominican Republic, in a meeting on Tuesday in Cancun also agreed to form a company with about US$100 million to buy oil and distribute the gasoline produced by the refinery, said Mexican Energy Minister Fernando Canales, according to the transcript of a news conference held today and sent by President Vicente Fox´s office.
Fox first proposed in November a plan to build a refinery, electricity plant and a natural gas pipeline in Central America to supply the region with energy. The gasoline refinery, which would be built with private capital and be supplied with Mexican oil, may cost as much as US$4 billion to construct, Canales said.
More: eluniversal.com.mx
Mr. Mexico's goodwill crusade
IT WASN'T surprising that the Mexican government would hire an American public-relations firm to improve its image in the United States.
Nor was it surprising that Mexican President Vicente Fox tapped my friend, Dallas-based political consultant Rob Allyn, to be Mexico's goodwill ambassador. Allyn worked on Fox's 2000 presidential campaign, after which a Dallas magazine dubbed the consultant "Mr. Mexico."
What was surprising was that a business deal resulted in so many people becoming so unhinged.
Suddenly, the Republican strategist is being inundated with angry and insulting e-mails, calls and nasty comments posted on Web logs. Immigration
Iran probably win oil contracts in Mexico,Nigeria
Ahmad Azimi, managing director of Iranian Offshore Engineering and Construction Company (IOEC), said that his company would probably win two major offshore oil contracts in Mexico and Nigeria, MNA said.
He explained that the projects consisted of offshore pipe-laying or installing oil platforms. He added that the details of the projects would be announced after the negotiations are finalized.
Azimi put the value of Mexico offshore project at $500 mln, noting that the discussions on the Nigerian project are underway.
More: iranmania.com
Company says Mexico to allow pipeline for Arizona refinery
The Mexican government will permit construction and operation of a pipeline to deliver crude oil to a proposed new Arizona gasoline refinery that would be the first such project built in the United States in nearly 30 years, the company behind the project said Tuesday.
Arizona Clean Fuels Yuma said it has reached an understanding with a Mexican ministry, the Secretariat of Energy of Mexico, regarding the pipeline, an offloading facility for tanker ships and a tank farm for temporary storage of oil.
David Traenor, a spokesman for Scottsdale-based Arizona Clean Fuels, called
CentAm Energy Summit in Mexico
Central American presidents are meeting this Tuesday in Cancun, Mexico, to discuss energy plans and agree on a project to build a refinery and a 1,625-mile gas pipeline, as well as a regional power generating plant.
The project, according to the Foreign Affairs Ministry, also includes the establishment of a marketing company to purchase oil and sell gasoline in southeast Mexico, Panama and Colombia. Some $6-billion will be invested on this enterprise.
The refinery will process Mexican oil for the country and Central America and create a gas station network under the franchise of the state Mexican
$1 billion guaranteed for projects in Mexico
The U.S. Export-Import Bank has approved $1 billion in long-term loan guarantees for U.S. companies providing equipment and services to Petróleos Mexicanos, Mexico's state-owned oil company.
The three loans are for oil and natural gas exploration, development and production in Mexico, and they will involve nearly 300 U.S. companies, many of which are in Texas.
A $300 million loan guarantee will finance U.S. companies working on the Strategic Gas Program, which aims to help meet Mexico's increasing demand for natural gas. Offshore Drilling Co. and Noble Mexico, both of Houston, and Sugar Land-based Noble Campeche are
Mexico oil output to decline, analysts say
Mexicos oil output will probably decline in the next two years if the country doesnt allow foreign investment to boost drilling, according to Raymond James & Associates.
Production in Mexico may have peaked in 2004, analysts J. Marshall Adkins and Pavel Molchanov wrote in a July 10 report, because the 30-year-old Cantarell field, the worlds second-largest, has reached maximum output, they said. Petróleos Mexicanos, the state oil company, said Aug. 2 that Cantarell production will decline 8 percent this year.
The countrys oil production looks like it already might have peaked -- quite possibly for good,
The main international car hire companies operate in all countries, but tend to be very expensive, reflecting the high costs and accident rates. Hotels and tourist agencies will tell wnere t0 find cheaper rates, but you will need to check that you have such basics as a spare wheel, toolkit and functioning lights, etc You'll probably have more fun if you drive yourself, although it's always possible to hire a car with driver. If you are in a group it is worth considering hiring a vehicle as it can be cost effective to club together.
Mexico pig manure project enters Kyoto pollution scheme
A scheme to cut greenhouse gas emissions from pig manure has become Mexico's first project to win approval under the Kyoto Protocol rules on investing in poor countries, the project's developer said on Tuesday.
The scheme, which covers 23 farms, has gained United Nations registration under Kyoto's Clean Development Mechanism (CDM), said Ireland-based AgCert International in a statement.
"We are delighted to be the first company to have a CDM project registered in Mexico and we will now be moving toward certification as soon as possible," said AgCert's chief executive officer Bill Haskell.
Registration of
It would seem to be a perfect time to invest in a new refinery.
With gas prices flirting with the $70-a-barrel mark and the nation's refining capacity strained, refiners are raking in huge profits. Further highlighting the need for more capacity are hurricanes that have battered and disrupted Gulf Coast refinery production this month.
A local group, Arizona Clean Fuels, is seeking to build the nation's first new refinery in three decades. After securing an air-quality permit this spring for a 150,000-barrel-a-day refinery, the group is courting investors to fund the $2.5 billion project, planned at an old citrus grove 40
Project Mexico auction planned for Wednesday
Project Mexico will be holding its annual auction tomorrow, from 4 p.m. to 8 p.m. in McGuire Hall, with all proceeds going to fund the Project Mexico team's trip to Tijuana in January. The goal for the team is to go and serve communities in Mexico, but also to bring the spirit of Mexico back with them.
With 240 items this year, Project Mexico is auctioning off the largest amount of items ever. Items students have come to expect at the auction such as a car raffle and puppy will be there, as well as
