distant markets: He said northern cities along the border with the United States will benefit since oil companies will be able to use nearby facilities to provide oil at affordable prices. "The Pacific coast, in particular, has large existing markets such as Tijuana which already has established pipeline networks, according to Xinhua China. It seems natural to invest in such markets in the short-term," said Barbosa, adding that "in more distant markets like Mexico City, investments in transport and storage will take a while to materialize as the cost will be higher." However, Barbosa warned that the Mexicans will still have to wait a few more years before getting access to the gas from brands other than the national-owned Pemex. Any companies that meet the government requirements can import oil, although private infrastructure capable of storing and transporting oil to other cities are still insufficient, said Fabio Barbosa, energy researcher with the National Autonomous University of Mexico. Although companies have been allowed to open gas stations in Mexico since the beginning of 2016, they can only sell Pemex-branded gasoline. Launched in 2013, it will gradually allow private and foreign companies to distribute and sell fuel, which has been monopolized by Pemex since 1938 when Mexico nationalized the oil industry. The opening-up is part of Mexico energy reform.
(news.financializer.com). As
reported in the news.
Tagged under distant markets, northern cities topics.