Exxon jumping into Mexico fuel market with first US cargo


MEXICO CITY: Exxon Mobil Corp is joining Chevron Corp and other US refiners to supply the newly free Mexican fuel market.

Exxon sent two cargoes totalling 120,000 barrel of diesel and gasoline Wednesday from its refinery in Beaumont, Texas, to a private terminal in San Luis Potosi. The company is moving cargoes along Kansas City Southern Railway Co’s network and plans to utilise the San Jose Iturbide terminal in Guanajuato state, which is being expanded, to bring in more supplies. Eventually, it aims to move product from all of its refineries along the Gulf Coast.

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