- Exxon Mobil (XOM -0.4%) sends two cargoes to Mexico totaling 120K barrels of diesel and gasoline from its refinery in Beaumont, Tex., in its first fuel shipment to the country's newly free market.
- XOM is moving cargoes along Kansas City Southern's (KSU -0.3%) rail network and plans to utilize the San Jose Iturbide terminal in Guanajuato state, which is being expanded, to bring in more supplies.
- A growing number of foreign companies plan to invest in ports terminals, fuel storage facilities and other logistics infrastructure in order to compete with state-owned Pemex, the country's primary fuel vendor and distributor; Chevron (NYSE:CVX) last week said it would bring products from its California refining system to Mexico to supply its gas stations once the infrastructure becomes available.
- Now read: Kansas City Southern (KSU) Presents At Credit Suisse (SIX:CSGN) 5th Annual Industrial Conference - Slideshow
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