Pemex Unveils Plan To Build Pipeline To Carry European Oil To Juarez

[hatrack]

Pemex, Mexico's national oil company, plans to continue to increase the amount of fuel it ships into Juárez from the Longhorn Partners Pipeline, which runs from Houston to El Paso.

That's why a Pemex subsidiary wants to build a 27-mile, multimillion-dollar pipeline from Longhorn's terminal in far East El Paso to Juárez. "The purpose of the (proposed) pipeline is to replace trucking of motor fuels on El Paso roadways with a safer, cleaner, and more efficient mode of transportation ... ," Darryn Tollefson, vice president of business development for PMI Services North America Inc., a Pemex subsidiary in Houston planning to build the pipeline, said in a written statement.

About 3,000 barrels of fuel a day are now being trucked to Juárez from the Longhorn terminal, and that's expected to increase to 15,000 barrels a day by 2010, Tollefson reported. That translates into 13,000 truck trips a year, or about 35 truck trips a day, now, and increasing to 64,000 truck trips, or about 175 truck trips a day, by 2010, PMI data show.

Fuel for the pipeline would mostly come from Europe, Tollefson reported.

EDIT

http://www.elpasotimes.com/business/ci_7427943

[phantom power]

1. They're going to import oil from Europe?

Huh?

[hatrack]

2. Exactly - "Huh?" was my reaction as well

Of course, with CIBC projecting Mexico losing its status as an oil exporter by 2012 . . . .

[Javaman]

4. Cantarell is tanking. Virtually no money for future investment.

expect, not just energy problems in Mexico, but major problems here, since they are the second largest non- opec importer of our oil, behind Canada.

I see in the very near future, Mexico pulling back on imports to keep it for themselves. Then I see, us cutting our imports of corn to Mexico as retaliation. (kind of already happening with the over production of ethanol here in the states).

Those that live in border states (such as myself) will feel the first pangs of oil shortages.

[Nihil]

6. Think you mean "exporter" and "exports" don't you?

:shrug:

[Javaman]

7. Duh, yeah. LOL nt

[whistle]

3. Thats like taking coal to Newcastle

:wtf:

[jpak]

5. ugiddyugiddyuggah - (shaking head)

Oil "mostly" from Europe (UK??? Norway???) will be shipped to Houston, then piped to El Paso and then to Juarez??

Sounds fishy to me....

[amandabeech]

8. The North Sea is tanking about as fast as Cantarell.

Perhaps it will be the Russians who come to the rescue. They're Europeans now, right? Just outside the EU.

Boy, will that make the chimp and darth go mad.

Now if Hugo were to help out, too.

Anyone thought about where we will get that million barrels a day from Mexico with Cantarell crashing?

Oh, I know. My favorite. Shale Oil! Fuel of the future and always will be.