Deals - Joint Ventures | Top Story | General | Private Equity | Fundraising | Capital Markets | Private Equity Activity
Pemex, First Reserve Ink $1.0B JV Investment Deal
Print
|
Petroleos Mexicanos (Pemex) and First Reserve have announced a US$1 billion agreement to mutually invest in energy infrastructure for Mexico.
The two organizations recently announced the first of such investments – the Los Ramones pipelines – which are expected to consist of 744 kilometers of natural gas pipelines, creating an essential energy connection for Mexico. Construction of the projects has already begun, with full commercial operations expected in mid-2016. Additional projects the two companies are pursuing include other large-scale essential infrastructure opportunities across the energy value chain.
The joint venture represents a significant milestone for both parties towards continuing to invest in energy infrastructure projects in Mexico and a statement of foreign…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations