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First Reserve, BlackRock Acquire Interest in Mexico Pipeline

Blackrock Inc., First Reserve Corp PEMEX
AnnouncedMar 26, 2015
TypeAsset
LocationEagle Ford Shale
Announced Date
March 26,2015
Transaction Type
Asset




Snapshot
Location
Region
Gulf Coast - South Texas

Country
United States

State
Texas

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Transaction Details:  Require Private Equity Subscription

BlackRock and First Reserve have entered into a definitive agreement with P.M.I., a wholly owned subsidiary of Petroleos Mexicanos (PEMEX), to acquire approximately forty-five percent equity interest in two natural gas pipelines, Los Ramones Phase II North and Los Ramones Phase II South. Upon closing, these will be the first major PEMEX-sponsored midstream assets to be built in partnership with foreign capital since the approval of Mexico’s historic Constitutional Energy Reform in 2013.

The Los Ramones II Projects consist of the construction and operation of 744km of natural gas pipelines…

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