Thursday, March 28, 2024

Logo Central America Link

BlackRock and First Reserve back Mexico pipeline

Friday, March 27, 2015


Asset manager BlackRock and U.S. private equity firm First Reserve have taken a joint stake worth around $900 million in the second phase of Mexico pipeline project Los Ramones, state-controlled oil company Pemex said.

In a separate statement, Pemex said the joint stake was equivalent to 45 percent of the costs involved in the construction of the project.





Source: Reuters