After specifying the Deer Park refinery acquisition by Petróleos Mexicanos (Pemex), President Andrés Manuel López Obrador assured the workers of that plant that there will be no layoffs or adjustments to wages.
“Rest assured that there are not going to be layoffs, that there is not going to be a decrease in the salaries of the workers, the administrative staff, and I am sure that they are going to continue working with the same enthusiasm, with the same professionalism and we are going to continue producing and guaranteeing profitability in the company, because we should not have losses, we have to have profits,” said the federal president in a video addressed to refinery employees.
In the message shared on the social networks of Pemex, López Obrador celebrated that as of Friday, January 21, this plant will become the property of the Government of Mexico, after 50% of the shares that belonged to the Shell company were acquired.
“The refinery was built in 1992 and a company was formed, half Shell, half Petróleos Mexicanos. Now it has been decided to buy the shares of Shell so that the refinery is now property of the Mexican government, of the Mexican people, and to tell them that we are committed to continue working with you,” said López Obrador.
The President explained that his government’s commitment is to ensure that Mexico achieves self-sufficiency in fuels and shared part of his strategy, which has focused on the rehabilitation of six refineries in the country, the construction of the Dos Bocas plant, in Tabasco; in addition to the remodeling of the coking plant located in Tula, Hidalgo.
“We are going to be able to process everything we extract from crude oil, around 1,800 barrels per day, and that is what we need to supply our internal consumption,” he stressed.
This Thursday afternoon, January 20, Pemex took over the operation of the Deer Park refinery in Texas, after concluding the purchase of half of this asset from the Anglo-Dutch company Shell, from whom it will buy crude oil to process at this plant over the next 15 years, as part of the agreement acquisition of 50.005% through the disbursement of 1,192 million dollars originally agreed for this acquisition, which was announced by López Obrador in May 2021.
Royal Dutch Shell It will supply crude oil to the Deer Park refinery for at least 15 years, according to a document in the possession of Reuters and a source with knowledge of the matter. As part of the sale agreement, Pemex will absorb most of the current refinery workers for two years, according to the document and one of the sources.
The acquisition of the deer park refinery It was finalized after it was reported on December 22 that the Committee on Foreign Investment in the United States (CFIUS) authorized the purchase-sale operation as it had not identified competition or national security risks. for the United States.
(With information from Karol Garcia)