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New Mexican refinery to cost between $6bn to $8bn- Energy minister

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Mexican Energy Minister, Rocio Nahle has revealed that the new oil refinery that the new administration seeks to build will cost between $6billion and $8billion.

 Reuters reported that the refinery is expected to be ready in three years.

Speaking on the development, the Minister mentioned that the project’s cost and timing estimates are in line with what President Andres Manuel Lopez Obrador had said in the past.

Meanwhile, President Andres Manuel Lopez Obrador’s first 100 days in office have combined a compulsive shedding of presidential trappings with a dizzying array of policy initiatives, and a series of missteps haven’t even dented his soaring approval ratings.

Source Reuters
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